Porter's Five Forces can be used to identify threats and opportunities 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 potential threats and opportunities in the market, such as a high threat of new entrants indicating a potential threat, or a low bargaining power of suppliers indicating a potential opportunity.
What’s the best way to turn business challenges into strategic opportunities? With a structured case...
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