3. Approach 1
Industry competitors
“It is Important to look for the already existing
players in a certain domain which could pose
stringent competition or Rivalry”
4. For Services like E-Commerce already Existing
Biggies Can pose a lot of Competition at your End
5. Approach 2
Be ware of the new
entrants
“Keeping an Watchful eye on the Segment with the High
entry Barrier & Low Exit Barrier”
7. Approach 3
Substitute product
“One should make Sure that there does not exist any
substitute product for your own product which is being
used in a popular way”