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Porter's Five Forces Analysis is a practical tool used in competition management to understand the competitive environment and strategic positioning of a company. It helps in assessing and analyzing five key forces: customers, suppliers, potential entrants, substitute products, and rivalry companies. Practical applications include identifying potential threats and opportunities, understanding the bargaining power of suppliers and customers, assessing the threat of new entrants and substitutes, and analyzing the intensity of competitive rivalry. This analysis provides the groundwork for a strategic action plan to conquer competition.
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Competition management is at the core of strategy formulation and an understanding of the underlying sources of competitive pressure provides the grou...
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Competition management is at the core of strategy formulation, but business leaders often fail at it because they view competition too narrowly and negatively. Understanding of the underlying sources of competitive pressure provides the groundwork for a strategic action plan. With our presentation you can assess and analyze customers, suppliers, potential entrants, substitute products and rivalry companies and conquer competition fully armed.
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