what do you understood by 5Fs ? state them
Answers
Explanation:
Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. Five Forces analysis is frequently used to identify an industry's structure to determine corporate strategy. Porter's model can be applied to any segment of the economy to understand the level of competition within the industry and enhance a company's long-term profitability. The Five Forces model is named after Harvard Business School professor, Michael E. Porter.
Porter's five forces are:
Porter's five forces are:1. Competition in the industry
Porter's five forces are:1. Competition in the industry2. Potential of new entrants into the industry
Porter's five forces are:1. Competition in the industry2. Potential of new entrants into the industry3. Power of suppliers
Porter's five forces are:1. Competition in the industry2. Potential of new entrants into the industry3. Power of suppliers4. Power of customers
Porter's five forces are:1. Competition in the industry2. Potential of new entrants into the industry3. Power of suppliers4. Power of customers5. Threat of substitute products