Porter's Five Forces can be used to assess the profitability of an industry by analyzing the competitive environment. The five forces include the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitute products or services, and the intensity of competitive rivalry. By understanding these forces, a company can identify the strengths and weaknesses of its industry, predict changes in the industry, and formulate strategies to improve its profitability.
What’s the best way to turn business challenges into strategic opportunities? With a structured case...
Download template