Basis of Five Forces Strategies

Five Forces (Porter) | Five Forces Analysis
Knowledge Center

 

Next Topic

Five Forces (Porter) | Five Forces Analysis > Best Practices > Basis of Five Forces Strategies

Basis of Five Forces Strategies
Bomo Albert-Oguara, Manager, Nigeria, Member
The five forces theory looks at strategy formulation from the industry(macro) perspective. The theory is hinged on the concept that different competitive activities of players in the industry impact an individual company's performance. However the literature is replete with studies of alternative views of industry rivalry. The (RBV), and others are based on the view that individual performances driven by core capabilities and skills and other assets internal to it can create competitive advantage for the company. By the same token, individual companies using these capabilities can outperform rivals even when the industry generally is lagging. Using the five forces theory is therefore dependent on whether the case actually demands that you use it. In which case you will need to analyse the industry (buyers, suppliers, rival firms and so on) that interface with the firm and are likely to affect its success and ability to compete with rivals. (...) Read more? Sign up for free
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

    Log in

         
Special Interest Group Leader

Interested? Sign up for free.


Five Forces (Porter) | Five Forces Analysis
Summary
Forum
Best Practices


Five Forces (Porter) | Five Forces Analysis
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.2 - Last updated: 12-12-2019. All names of their owners.