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The components of external environment include economic, socio-cultural, and global issues. In order to gain sustainable competitive advantage, the organization needs to study its external environment and exploit the opportunities prevailing therein.
The most influential analytical model for assessing the nature of competition in an industry is Michael Porter's Five Forces Model, which is described below:
Michael Porter described a concept that has become known as the "five forces model" to help understand how competition affects your business. Porter's 5 forces analysis is a framework for industry analysis and business strategy development developed by Michael E...
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Common topics in this essay:
- Competitive forces
- 1. Analyze UPS and FedEx using the competitive forces
- Analysing McDonalds (fast food outlets) using the Porters 5 forces model – sometimes called the Competitive Forces model.
- In certain cases Porter's Diamond of Competitive Advantage may not be an appropriate framework for the analysis of a nation's sources of competitive advantage.
- Indian Insurance Industry: An Industry Competitive Analysis
- PC Industry and Porter 5 Forces Analysis
- Porter'S Five Basic Forces Of Competition - Analysis Of The Banking Industry
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- Porter's Five Forces a model for industry analysis
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- Strategic Management : tourism industry porter five forces
- What is Porter's 5 Forces analysis? What are the main aspects of Porter's 5 Forces analysis? How to write Good Porter's 5 Forces analysis of a company? Where to find information for Porter's 5 Forces analysis.
- The airline industry and Porter five model forces
- PC industry and porter's 5 forces
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