Porter's five forces identifies five competitive forces which affect the competitive position

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  • Опубліковано 6 лип 2024
  • Porter's five forces was introduced by Michael E. Porter in his first article in Harvard Business Review marts-april 1979. The title of the article was “How Competitive Forces Shape Strategy”.
    The model identifies five competitive forces which affect the company's competitive position - these are:
    - Existing competitors in the industry
    - Threat of new entrants coming into the industry
    - Bargaining power of the suppliers to our firm
    - Bargaining power of buyers
    - Threat of substitute products or services
    0:00 Introduction of the author and the models five competitive forces
    1:13 Competitive force - Rivalry among existing competitors in the industry
    4:44 Competitive force - Threat of new entrants
    8:22 Competitive force - Bargaining power of suppliers
    10:17 Competitive force - Bargaining power of buyers
    13:09 Competitive force - Threat of substitute products and services
    14:19 An example of the application of the model - app to mobile phone
    15:45 Criticism of the model
    Download the model (PowerPoint) from our website:
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КОМЕНТАРІ • 25

  • @successmaharjan2906
    @successmaharjan2906 3 роки тому +4

    Each and every words, sentences , meaning, examples are so clearly explained. I am so pleased to listen this. Thank you so so much.

    • @flixabout
      @flixabout  3 роки тому +1

      @successs maharjan. Thanks for your new feedback. We are very happy that you like more of our videos. We hope you tell others.

    • @jasoninrblx573
      @jasoninrblx573 2 роки тому +2

      You just spoke my mind

  • @jeannettefigueroa5768
    @jeannettefigueroa5768 5 років тому +4

    Very clear and good examples to picture the model

    • @flixabout
      @flixabout  5 років тому

      Thanks for your kind feedback. Nice that you appreciate our work. Hope you tell it to others and subscribe to our channel.

  • @Charismaone
    @Charismaone 5 років тому +6

    very interesting and comprehensive love it.

    • @flixabout
      @flixabout  5 років тому

      Thanks for your kind feedback. Nice that you appreciate our work. Hope you tell it to others and subscribe to our channel.

  • @veritasaequitas2386
    @veritasaequitas2386 3 роки тому +3

    explicit material, great work guys

    • @flixabout
      @flixabout  3 роки тому

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  • @luisGonzalez-wj1ow
    @luisGonzalez-wj1ow 5 років тому +4

    Easy & clear. Just a little slow, but easy to understand.

    • @flixabout
      @flixabout  5 років тому

      Thanks for your kind feedback. We would recommend you to speed up the movie to either 1.25 or 1.5. Click on settings in the movie.

  • @faithmutuku3204
    @faithmutuku3204 5 років тому +3

    Clear , concise and easy to understand, do you have a video for the mckinsey strategy model?

    • @flixabout
      @flixabout  5 років тому

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  • @user-in6qt7sc1b
    @user-in6qt7sc1b 3 роки тому +3

    Very helpful 👍 video thanks a lot

    • @flixabout
      @flixabout  3 роки тому

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  • @sbehera215
    @sbehera215 2 роки тому +2

    Excellent presentation

    • @flixabout
      @flixabout  2 роки тому

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  • @amhb2963
    @amhb2963 5 років тому +4

    Best 👍

    • @flixabout
      @flixabout  5 років тому

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  • @ALR2320
    @ALR2320 9 місяців тому +1

    Thank you so much for your explanation.
    I have a quick question: if the buyer's demand increases, in this case how the following forces will be
    The threat of new entrants = ( Low or High or Medium)?
    Threat of substitutes = ( Low or High or Medium)?
    Rivalry among existing companies = ( Low or High or Medium)?
    Bargaining power of buyers = ( Low or High or Medium)?
    Bargaining power of suppliers = ( Low or High or Medium)?
    By your explanation, I figured out that rivalry among existing will be (Lower). But what about the other forces?

    • @flixabout
      @flixabout  9 місяців тому +1

      @RSAL232 It depends on how difficult it is to meet the increased requirements. If it is easy and no one in the industry wants to meet the new requirements, there will be new entrants. The Threat of new entrants is high. You can make the same analogy inference for the rest of the elements in the figure. Difficult to do - low bargaining power of buyers - Easy to do - high bargaining power of buyers.
      Hope the answer makes sense. Otherwise, you are very welcome to contact us again.
      Hope you tell others about our channel and subscribe to it.

  • @nayagilbertt.4572
    @nayagilbertt.4572 Рік тому +2

    How does the new entrant and substitute products affect the firm’s
    competitiveness?

    • @flixabout
      @flixabout  Рік тому

      @NAYA, Gilbert T. Everything else being equal, the competition is getting tougher. The individual company must decide where they should position themselves in Porter's generic strategy ua-cam.com/video/HiBRviA3lnI/v-deo.html in order not to become stock in the middle. Hope the answer makes sense.

  • @Potencyfunction
    @Potencyfunction 9 місяців тому +2

    Do you have a video translation for hindi subtitle comments?

    • @flixabout
      @flixabout  9 місяців тому

      @anonymus99591 Under settings you can touch subtitles followed by Auto-translate and then pick Hindi. Hope that answers your question, otherwise feel free to get in touch again. Hope you tell others about our channel and subscribe to our channel.