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Industry & Competitive Forces Analysis Form

Industry & Competitive Forces Analysis Form

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porter's five forces was introduced by michael s porter in his first article in harvard business review march to april 1979. the title of the article was how competitive forces shape strategy the model identifies five competitive forces which affect the company's competitive position these are existing competitors in the industry threat of new entrants into the industry bargaining power of the suppliers to our firm bargaining power of buyers and threat of substitute products or services an example an air service can substitute a high-speed rail line both meet the need for transport between two cities now we shall review each of the five market forces first let us consider the existing competitors in the industry rivalry amongst existing competitors takes the familiar form of jockeying for position using tactics like price competition product introduction and advertising intense rivalry is related to the presence of a number of factors some of the most important of these

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