Podcast
Questions and Answers
What is the primary focus of analysis in the industry environment?
What is the primary focus of analysis in the industry environment?
The factors and conditions influencing an industry's profitability potential
Who developed the Five Forces Model in 1979 to explain the dynamics of the industry environment?
Who developed the Five Forces Model in 1979 to explain the dynamics of the industry environment?
Michael Porter, a Harvard Business School academic
What are the five forces that shape industry competition, according to Michael Porter's model?
What are the five forces that shape industry competition, according to Michael Porter's model?
Threat of new entrants, Power of suppliers, Power of buyers, Threat of product substitutes, and Intensity of rivalry amongst competitors
How does the industry environment compare to the general environment in terms of its effect on a firm's strategic competitiveness?
How does the industry environment compare to the general environment in terms of its effect on a firm's strategic competitiveness?
What is the primary purpose of analyzing the industry environment?
What is the primary purpose of analyzing the industry environment?
What is the background of Michael Porter, the developer of the Five Forces Model?
What is the background of Michael Porter, the developer of the Five Forces Model?
What are the key factors that increase the intensity of rivalry amongst competitors in an industry?
What are the key factors that increase the intensity of rivalry amongst competitors in an industry?
What is the primary benefit of differentiating a product in ways that customers value?
What is the primary benefit of differentiating a product in ways that customers value?
What are the high exit barriers particularly relevant to the pharmacy industry?
What are the high exit barriers particularly relevant to the pharmacy industry?
What is the primary purpose of analyzing Porter's five industry forces?
What is the primary purpose of analyzing Porter's five industry forces?
What are the characteristics of an attractive industry according to Porter's five forces model?
What are the characteristics of an attractive industry according to Porter's five forces model?
What is a limitation of Porter's five forces model?
What is a limitation of Porter's five forces model?
What is a limitation of Porter's model, specifically in industries where firms have low influence over the five forces?
What is a limitation of Porter's model, specifically in industries where firms have low influence over the five forces?
Why is Porter's model insufficient on its own, and what additional analyses are necessary?
Why is Porter's model insufficient on its own, and what additional analyses are necessary?
What are some additional forces that should be considered when using Porter's model to develop a business plan?
What are some additional forces that should be considered when using Porter's model to develop a business plan?
What is the focus of the Competitor Environment Analysis?
What is the focus of the Competitor Environment Analysis?
What is a criticism of Porter's model in terms of its view of industries?
What is a criticism of Porter's model in terms of its view of industries?
What is Grundy's assessment of Porter's model?
What is Grundy's assessment of Porter's model?