Five Forces Industry Analysis. Nicole Fiamingo. Five Forces Industry Analysis Description & Purpose. Developed by Michael Porter Provides an understanding of an industry and its participants Used as a means to decrease the gap between a firm’s external environment and its internal resources.
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New entrants usually face several barriers to entry, including:
Suppliers bargaining power may be influenced by:
Buyer’s Bargaining power my be influenced by:
Market displacement by existing/potential substitutes can be influenced by:
The intensity of competition within an industry is determined by:
Step 1: Collect Information
Main Sources of Competitive Pressures
Step 2: Assess & Evaluate
Step 3: Develop Strategy