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Some other frameworks similar to Porter's Five Forces include PESTEL Analysis, SWOT Analysis, and Value Chain Analysis. These frameworks also provide a comprehensive view of the external and internal factors affecting a business.
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Now it's time to take a big step back and focus on the macro factors. No business exists in a vacuum, and industry and market changes can become either assistance or resistance. Porter's Five Forces is one of the most tried-and-true frameworks to help managers and analysts understand how a firm is positioned in its industry.
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What’s the best way to turn business challenges into strategic opportunities? With a structured case study, consultants and project teams can follow e...
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