Porter’s five forces Supplier powerBarriers to entry Rivalry Threat of substitutes Buyer power
Porter’s five forces Rivalry Strive for a competitive advantage Market share Change prices Improve product differentiation Creativity using channels of distribution Exploiting relationships with suppliers
Porter’s five forces The intensity of rivalry is influenced by the following characteristics: Slow market growth A large number of firms High fixed costs High storage costs or highly perishable products Low switching costs Low levels of product differentiation Strategic stakes are high
Porter’s five forces forces Continued High exit barriers A diversity of rivals Industry shakeout
Porter’s five forces The threat of substitutes Price elasticity is affected by substitute products discuss
Porter’s five forces Buyer power What is a monopaony? The buyer sets the price? What sets buyer power?
Porter’s five forces Supplier power What determines supplier power? discuss
Porter’s five forces Barriers to entry Do governments create barriers?
Porter’s five forces Patents What happens here? discuss
Porter’s five forces Organizational (internal) economies of scale What is the relationship between “Minimum efficient scale” (MES) and market share?
Porter’s five forces Reference Competitive strategy by Michael Porter
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