![]() |
Five Competitive Forces Model Porter |
![]() |
Learn more: Articles | Books | Dictionary | Faq | Home | Leaders | Organizations | Search
|
Five Forces |
Outside-in business unit strategy: Summary of the Five Forces Model by Porter. Abstract |
Michael Porter |
as a sixth factor could be added:
Porter's competitive forces model is probably one of the most often used business strategy tools and has proven its usefulness on numerous occasions. Porter's model is particularly strong in thinking outside-in. Care should therefore be taken not to underestimate or underemphasize the importance of the (existing) strengths of the organization (inside-out) when applying this five competitive forces framework of Porter. From a Value Based Management point of view, the Five Forces model (Market/Industry Attractiveness) of Porter can be seen as one of two dimensions in maximizing corporate value creation. The other value creation dimension is how well a company performs relatively towards its competitors (Relative Competitive Position), for which two other Porter-models are frequently used: the Value Chain framework and Porter's Competitive Advantage.
T I P : Here you can discuss and learn a lot more about Porter's Five Forces model. See also: Porter Competitive Advantage | Four Trajectories of Industry Change | Parenting Advantage | Prahalad | Delta Model | Resource-Based View | BCG Matrix | Greiner | Kay | Mintzberg | 3C's | Porter Diamond Model | Bricks and Clicks | Twelve Principles of the Network Economy |
About us | Advertise | Privacy | Support us | Terms of Service ©2022 Value Based Management.net - All names ™ by their owners
|