Michael Porter, the proposer of the five forces analysis model of learning, and his research background

Study the development history and application areas of the five forces analysis model

Master the five forces including supplier power, buyer power, threat of substitute products or substitute services, degree of market competition and threat of new entrants

Be familiar with the impact of each element in the five forces analysis model on industry competition

Identify key suppliers and their influence on the business

Analyze factors such as supplier price changes, product quality, and cooperative relationships

Understand the buyer’s purchasing power and bargaining power against the business

Investigate buyers’ requirements for product or service quality, brand image and after-sales service

Analyze the extent to which substitute products or services replace the company's products or services

Evaluate factors such as price, quality and market penetration of substitutes or alternative services

Understand the size, market share and competitive strategies of competitors

Analyze the intensity of market competition and competitors’ core competencies

Assess the impact and threats of new entrants on the industry’s competitive landscape

Analyze new entrants’ market entry barriers, innovation capabilities, resource advantages and other factors

Define and determine the industry scope of analysis and relationships with other related industries

Define industry characteristics and industry size

Analyze supplier power and its impact on industry competition

Assess buyer power and its impact on industry competition

Consider the impact of the threat of substitute products or services on industry competition

Assess market competition and its impact on industry competition

Analyze the threat of new entrants and their impact on industry competition

Assess the relative influence and importance of competing forces

Determine the competitive forces most critical to the company's competitive advantage

Based on the five forces analysis results, put forward corresponding strategic suggestions and countermeasures

Develop effective marketing strategies, supply chain management strategies, etc.