Porterâ??s Five Forces include Threat of Entry, Threat of Rivalry, Threat of Substitutes, Threat of Powerful Suppliers, and Threat of Powerful Buyers. These were developed by Michael E. Porter.
Porter's five forces analysis are used to describe forces in an INDUSTRY, not a specific firm. So for the case of Apple, it would propably be the PC industry or electronic devices industry.
five porters forces model with specific reference to south Africa banking between 2010 and 2014
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limitation of porters
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Porter five forces analysis is a diagnostic examination for computer systems that configures a boot check of the electric impulses, or forces or the system.
The five porters include the following ; intense rivalry of the existing firm, threats of substitutes, threats of the buyers, threat of the suppliers, threats of the new entrant
1. Supplier's power 2. Threat of subtitute 3. Buyer's power 4. Barrier's to entry 5. Rivalry
The porter's five force analysis of Volkswagen are, supplier power, buying power, threat of new entry, threat of substitution, competitive rivalry.
Porter's five forces model is important in strategic management because it shows you the positive outcome of advancing in your career. It also helps you understand the outcome of the competitive position you are currently in.
Of course, you can use five forces analysis for any industry.
porters five force model for hero Honda
The first step in performing an industry analysis to assess the impact of Porter's five forces.