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

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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
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Пікірлер: 25

@successmaharjan2906 3 жыл бұрын

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

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@jasoninrblx573 3 жыл бұрын

You just spoke my mind

@jeannettefigueroa5768 5 жыл бұрын

Very clear and good examples to picture the model

@flixabout 5 жыл бұрын

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@Charismaone 5 жыл бұрын

very interesting and comprehensive love it.

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@veritasaequitas2386 3 жыл бұрын

explicit material, great work guys

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@luisGonzalez-wj1ow 5 жыл бұрын

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

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@user-in6qt7sc1b 3 жыл бұрын

Very helpful 👍 video thanks a lot

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@sbehera215 2 жыл бұрын

Excellent presentation

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@faithmutuku3204 5 жыл бұрын

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

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@amhb2963 5 жыл бұрын

Best 👍

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@ALR2320 10 ай бұрын

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 10 ай бұрын

@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 Жыл бұрын

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

@flixabout Жыл бұрын

@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 kzfaq.info/get/bejne/fs9yhdmappnQnn0.html in order not to become stock in the middle. Hope the answer makes sense.

@Potencyfunction 10 ай бұрын

Do you have a video translation for hindi subtitle comments?

@flixabout 10 ай бұрын

@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.