How does Information Technology alter Porter's 5 Forces
How does Information Technology alter each of the five competitive forces in Porter's five forces model?
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Emmanuel Duru, Nigeria
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How does Information Technology alter Porter's 5 Forces
It may affect Porter's 5 Forces but not totally, considering that there are inherent factors which cannot be manipulated digitally. Any outcome will be an assumption; which may not be absolute.
So, it takes a lot of understanding of the environment for which the 5 forces model is applied.
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Hemant Johri, India
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The dynamics of the forces may be changed
The 5 competitive fundamental forces do not change with IT. They remain the same. However: IT may change the dynamics of these forces. What IT does is listed below:
1. It can make information available at higher speed.
2. As a tool it provides speed and accuracy in preparation, processing and analysis of available data.
3. When applied in an industry it can lead to transformation or innovation of processes. This may provide competitive advantage to the firm either in terms of cost reduction or by disruptive innovation.
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Jimish Shah, India
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4 ways in which IT alters Porter's 5 Forces
1. IT may increase the buyers bargaining power as information of substitutes and prices are easily a... Sign up
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carlos medina turon, Mexico
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Add Stakeholders Concept
I recommend to review the concept "STAKEHOLDERS" besides the 5 Forces once you have to ask for oppor... Sign up
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MENSUR, Albania
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The validy of Information Technology
I think that IT can influence all of the five forces but we must be careful about information how su... Sign up
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Muder Chiba, India
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Information Arbitrage
Essentially, the same points that the other are making... It would affect decision-making using the ... Sign up
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Kwame Yeboah, Ghana
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IT does alter Porter's 5 Forces
Which ever way one looks at it, IT DOES alter the 5 forces (compared to the traditional forms in whi... Sign up
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John D. Ramos, United States
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The Porter Model and IT Strategy
The Porter forces are inherent in the 21st century - it's no longer enough to attempt to align infor... Sign up
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