Rating: 5 out of 5 stars
5/5
Ebook38 pages24 minutes
Porter's Five Forces: Understand competitive forces and stay ahead of the competition
By 50minutes
Rating: 4 out of 5 stars
4/5
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About this ebook
Understand competitive forces and stay ahead of the competition
This book is a practical and accessible guide to understanding and implementing Porter’s five forces, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Understand the five forces that affect profitability and analyze each force in depth in relation to your company
• Analyze the intensity of the competition within an industry and how this affects your business
• Increase or maintain your competitive advantage according to the analysis
ABOUT 50MINUTES.COM | Management & Marketing
50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
This book is a practical and accessible guide to understanding and implementing Porter’s five forces, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Understand the five forces that affect profitability and analyze each force in depth in relation to your company
• Analyze the intensity of the competition within an industry and how this affects your business
• Increase or maintain your competitive advantage according to the analysis
ABOUT 50MINUTES.COM | Management & Marketing
50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
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Reviews for Porter's Five Forces
Rating: 4.1 out of 5 stars
4/5
10 ratings3 reviews
- Rating: 5 out of 5 stars5/5A quick read to give you the main elements to focus on
- Rating: 4 out of 5 stars4/5Enjoye dthis.Lovely way to summarize and introduce peopel to the concepts. Easy reading.
- Rating: 5 out of 5 stars5/5Great summary and highlights of critical points in the book. Good job!
Book preview
Porter's Five Forces - 50minutes
Key information
Names: Porter’s five forces
Uses: analysis of the competitive environment of an industry
Why is it successful? This model enables you to:
understand the industry and the nature of relations between the various participants in the market in which the company operates;
identify the performance and influence factors of the sector;
evaluate how changes within an industry can affect its profitability.
Key words:
Competition: a significant aspect of a market characterised by the companies that are positioned there, fighting with each other to hold the largest market share.
Competitive advantage: the value created by the company and perceived by the customers that differentiates it from other industry players and brings better profitability, a differentiation force for negotiation.
Industry concentration: the power of certain participants in specific sectors. If only a few companies share the market, the industry is said to be concentrated.
Profitability: the ratio between the initial investment and the financial results.
Strategy: determining a set of actions to be taken and resources to be used in order to
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