Porter's Five Forces is considered a tried-and-true framework because it has been widely used and proven effective in understanding the competitive environment of an industry. It helps managers and analysts to understand how a firm is positioned in its industry by analyzing the five forces that determine the competitive intensity and attractiveness of a market. These forces are the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitute products or services, and the rivalry among existing competitors.
What’s the best way to turn business challenges into strategic opportunities? With a structured case...
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