Saturday, February 13, 2016

Porter's Five Forces (Reading Reflection, Week 6)

1. The biggest surprise for me was that there are five, not three as I originally presumed. Porter outlines that there are five forces (existing rivals, new entrants, suppliers, substitutes, can customers). I considered rivals, entrants and substitutes to be the same. 

2. I did not find the article confusing. 

3. Are there variables to be considered? Wouldn't government be a force as well? 

4. Mr. Porter, would innovation be considered as a factor? 

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