Porter Five Forces

Business & Economics - 11 slides

The lecture introduces Porter's Five Forces Framework, a model created by Michael E. Porter in 1979 to evaluate industry competitiveness and profitability potential. It explores the five forces—Supplier Power, Buyer Power, Threat of New Entrants, Threat of Substitutes, and Competitive Rivalry—and di

Topics Covered

• Introduction to Porter's Five Forces
• Understanding Industry Structure in Competitive Analysis
• Force 1: Supplier Power
• Force 2: Buyer Power
• Force 3: Threat of New Entrants
• Force 4: Threat of Substitutes
• Force 5: Competitive Rivalry
• Interdependence of the Five Forces
• Applications of Porter's Five Forces in Strategic Planning
• Criticism and Limitations of Porter's Five Forces
• Conclusion: Synthesis of Porter's Five Forces

References

• Porter, M.E. (1979) 'How competitive forces shape strategy', Harvard Business Review, March/April, pp. 137-145.
• Grant, R.M. (2021) Contemporary Strategy Analysis. 11th edn. Hoboken: Wiley.
• Porter, M.E. (1980) Competitive Strategy: Techniques for Analyzing Industries and Competitors. New York: Free Press.
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• Porter, M.E. (1985) Competitive Advantage: Creating and Sustaining Superior Performance. New York: Free Press.
• Porter, M.E. (1979) 'How competitive forces shape strategy', Harvard Business Review, 57(2), pp. 137–145.
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