Porter’s Five Forces framework
E718426
Porter’s Five Forces framework is a strategic management tool that analyzes the competitive forces shaping an industry to assess its attractiveness and profitability.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
business analysis tool
ⓘ
competitive analysis model ⓘ strategic management framework ⓘ |
| aimsTo |
explain differences in industry profitability
ⓘ
guide firms in positioning within an industry ⓘ identify sources of competitive pressure ⓘ |
| alsoKnownAs |
Five Forces analysis
NERFINISHED
ⓘ
Porter’s Five Forces model NERFINISHED ⓘ |
| appliesTo |
industries
ⓘ
markets ⓘ profit pools ⓘ |
| assumes |
competitive forces determine long-run profitability
ⓘ
industry structure affects competition ⓘ |
| belongsTo |
field of industrial organization economics
ⓘ
field of strategic management ⓘ |
| creator | Michael E. Porter NERFINISHED ⓘ |
| describedIn | How Competitive Forces Shape Strategy NERFINISHED ⓘ |
| developedIn | 1979 ⓘ |
| evaluates |
availability of substitutes
ⓘ
barriers to entry ⓘ buyer concentration ⓘ exit barriers ⓘ industry growth rate ⓘ intensity of price competition ⓘ supplier concentration ⓘ switching costs ⓘ |
| focusesOn |
competitive forces
ⓘ
industry structure ⓘ |
| hasComponent |
bargaining power of buyers
ⓘ
bargaining power of suppliers ⓘ rivalry among existing competitors ⓘ threat of new entrants ⓘ threat of substitute products or services ⓘ |
| influencedBy | structure–conduct–performance paradigm NERFINISHED ⓘ |
| publishedIn | Harvard Business Review NERFINISHED ⓘ |
| relatedTo |
PESTEL analysis
ⓘ
SWOT analysis NERFINISHED ⓘ generic competitive strategies ⓘ value chain analysis ⓘ |
| usedBy |
business students
ⓘ
consultants ⓘ investors ⓘ managers ⓘ |
| usedFor |
assessing industry attractiveness
ⓘ
assessing industry profitability ⓘ competitive strategy formulation ⓘ evaluating competitive intensity ⓘ industry analysis ⓘ strategic decision making ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.