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Worksheet Industry and Competitive Forces Analysis Form

Worksheet Industry and Competitive Forces Analysis Form

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well Porter's five forces of analysis was created in the late 1970s by Michael Porter who is a professor at the Harvard Business School and the five forces of analysis was essentially a model designed to determine how competitive a particular industry was it's typically used uh in a feasibility type study uh for those that are potentially vetting a business idea to determine whether or not it's viable and we use this type of analysis to gauge whether the an industry is attractive or not right now we want to know if we enter into the industry uh one is it a growing industry but two do we have the ability to carve out a defensible or defensible Market Niche so that we can insulate ourselves fairly well from competitors and so Porters five forces considers five different variables that you should consider as a way to gauge how competitive an industry is the first variable is what's known as compe comptitive rivalry and competitive rivalry is concerned with

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