Porter's five forces - Porter's 5 forces
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- Опубліковано 3 жов 2024
- Porter's Five Forces
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Porter’s 5 Forces model is an excellent tool to analyze the structure of the competitive environment. Two important forces are the bargaining power of customers and the bargaining power of suppliers.
Supplier power is represented by their ability to determine the terms and price of supply and will increase if there are fewer suppliers than buyers, if the organization is not a key customer for the supplier, or if their industry is not attractive for suppliers.
Buyer power refers to the pressure that customers exert on companies to obtain high-quality products and services at lower prices. Buyer power increases when there are few buyers and many sellers in the field, or when products are not significantly differentiated and can be easily substituted. For the seller, buyers’ demands represent costs. This means that the stronger the buyer is, the less profit available for the seller, which is why many companies try to develop strategies that reduce the power of buyers.
There are two boxes of "Bargaining power of the Buyers"!
Perfect. Thank you so much for providing this.
great, appreciate your kindness. thanks again.
Really helpful! thx.
It should still say suppliers
Hi, his name is Joe Shami. Happy we helped!
I would suggest government and complementers shouldn't be added as a force but should be used to show how they effect the other 5 forces.
How does government effect the barriers to entry, how does government effect the suppliers power, buyers power etc.
Also how do complementary products effect substitutes; for example petrol stations do not have electrical charge points which effects the substitute of electric vehicles..
GREAT! easy to understand and really good examples! Thank u a lot
I Really Like The Video From Your Porter's 5 forces Porter five forces helps you to analyze the competitive environment.
"Add numbers that justify what you're trying to say"
Nope, get the numbers and then say whatever they tell you.
Great Video.
My lecturer is always banging on about using examples for the exam so i'm going to slay in some of these badboys Tuesday!
I dont know the name of the lecturer, but he saved my exam. thank you so much
brilliant, some good concept for my exam next week :)
THANK YOU!
Very helpful! thank you
@derrickjerry1000 I did!
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