Porter's Five Forces is a framework that helps businesses understand their position in the industry. It can be used to identify potential threats and opportunities, assess the competitive intensity, and determine the attractiveness of an industry. It can also be used to develop strategies to gain a competitive advantage. 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 rivalry among existing competitors.
What’s the best way to turn business challenges into strategic opportunities? With a structured case...
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