Over 30 years ago Michael Porter identified a holistic approach
to understanding how competitive forces shape strategy. He posited
that the only way to truly insulate an organization from underlying
economic volatility is by understanding the 5 competitive forces
and how they relate, fundamentally, to the organization.
The five forces are:
Rivalry among existing competitors
The bargaining power of Suppliers
Threat of New Entrants to the market
The bargaining power of Buyers
Threat of Substitute Products/Services
Select ONE(CHICK-FIL-A INC) of...
"Five Forces of Competition Model" From the eActivity,
analyze the industry you selected using Five Forces of Competition
Model to determine the impact of each of the five Forces. Based on
your analysis determine if the industry is attractive or
unattractive.
Consider the five forces model of Professor Michael Porter. Discuss
the nature of each element and the role these might play in
pricing health insurance products. Which of the
five forces do you consider the most important and
why? please 250 words
According to Porter, Rivalry among existing competitors is one
of the five forces determining the attractiveness of an industry.
Assess the strength of this force for the restaurant industry. Make
sure to discuss all factors that have an effect on the strength of
rivalry. Be specific and provide relevant examples to support your
arguments.