Description
What is the purpose of Porter's five forces model? Support your argument with an example of a strong force and an example of a weak force. Be sure to support your example by explaining why it was a strong force or a weak force using Porter's five forces model as a guide. If you have personal experience related to Porter's five forces model, please include that in your discussion as well.
5 sentences
Explanation & Answer
Attached.
Running Head: THE PURPOSE OF PORTER”S FIVE FORCES
The Purpose of Porter’s Five Forces
Student’s Name
Course Number
Institutional Affiliation
1
THE PURPOSE OF PORTER”S FIVE FORCES
2
The Purpose of Porter’s Five Forces
When determining the competitiveness of businesses and attractiveness of industries,
various factors come to play. Investors analyze markets to take advantage of the opportunities
and strengths while avoiding the pitfalls. According to Grundy (2011 page 214), the business
world today has been and still is undergoing numerous changes hence m...