Porter's Five Forces framework, while useful, has several limitations. It assumes a classic perfect market and does not take into account the complexities of the real world. It also overlooks the influence of government and the global market. Furthermore, it does not consider the impact of digital technology and innovation. Lastly, it focuses on competition and ignores other business relationships such as alliances and partnerships.
What’s the best way to turn business challenges into strategic opportunities? With a structured case...
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