Question

decreasing resources commitment”. Comment.
Are there any disadvantages in using Porter's five forces model
Elucidate the pros and cons of using the model.
“The five forces theory is a short-sighted theory". Why/wh
not?
Discuss Industry analysis using Porter's five forces theory.
Present at least 7 points to highlight the importance of indust
analysis.
Do uou think it is important to define an industry's boundarie​

Answer 1

Answer:

The five forces theory is a short-sighted theory".

Porter's Five Forces Framework is a method for analysing competition of a ... The overall industry attractiveness does not imply that every firm in the industry will return the same profitability ...

Framework/theory

Porter's Five Forces of Competitive Position Analysis were developed in 1979 by Michael E Porter of Harvard Business School as a simple framework for assessing and evaluating the competitive strength and position of a business organisation .

do you think it is important to define an industry's boundaries ??

yes it's important..

The definition of industry boundaries is important because of the following reasons: First, it helps executives determine the arena in which their firm is competing. Second, defining industry boundaries concentrates attention on the competitors of the firm.

7 points Importance of Industry Analysis

Industry analysis, as a form of market assessment, is crucial because it helps a business understand market conditions. It helps them forecast demand and supply and, consequently, financial returns from the business.

Discuss Industry analysis using Porter's five forces theory

Industry analysis is a critical part of understanding a company's market position.

...

1. The five forces Porter recognizes in its industry 2. analysis method are:

3. Intensity of competitive rivalry.

4. Bargaining power of suppliers.

5. Bargaining power of buyers.

6. Threat of substitutes.

7. Threat of new entrants.

Explanation:

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