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Porter's five forces model can be applied to a startup in several ways. It can help the startup understand the competitive forces in its industry. These include the bargaining power of suppliers and buyers, the threat of new entrants, the threat of substitute products or services, and the intensity of competitive rivalry. By understanding these forces, the startup can develop strategies to gain a competitive advantage. For example, it can find ways to reduce the bargaining power of suppliers or buyers, or it can find ways to differentiate its products or services to reduce the threat of substitutes and new entrants.
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Do you feel trapped in a bloody war to outdo your competitors? Better strategy can build a stronger defense against the competition and generate higher ROI on your strategic efforts. Attract and keep customers with tools like strategic group analysis map, SWOT analysis, competitive pricing analysis, blue ocean strategy, and porter's five forces that you can download and customize to your needs.
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Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against competition and generate higher ROI on your strategic...
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