Substitution in the Five Forces Model

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Five Forces (Porter) | Five Forces Analysis > Best Practices > Substitution in the Five Forces Model

Substitution in the Five Forces Model
PRASAD SN, Professor, India, Member
I am interested in 'substitutes' such as: 1. New inventions - e.g. Mobile phones as communicators 2. New applications of existing products - e.g. Internet on mobile phones 3. New technologies to gainfully use existing materials more effectively -e.g. Nanotechnology 4. New discoveries about an existing product/material - e.g. Use of aspirin to treat heart ailments The list goes on. Is the impact of the likes of the above covered in Porter's framework? I think the threat from such forces which makes the product or service obsolescent / redundant is more important today as compared to all other forces put together, because the time frames for new inventions and discoveries to take place has come down. Can we call it an increase in the rate of evolution of the mankind? (...) Read more? Sign up for free

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  Inventions or Substitutes Make new Rules, They don't Follow old Rules
Jagdish B Acharya, Consultant, India, Member
  (...)

  Porter's Five Force and Substitutes
Satriyo Dharmanto, Deputy ICT Director, Indonesia, Member
  (...)

   
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Five Forces (Porter) | Five Forces Analysis
Summary
Forum
The New Industrial Economics School
Why Porter's Monitor Consulting Company Failed
🔥Porter's 5 Forces Framework in Non-competitive Situations?
Best Practices
🥇Assumptions of the Five Forces model
🥈5 Forces in the public sector
🥉Apple Inc. and 5 Forces
5 Forces in Emerging Industries
Government as 6th Force in Porter's Five Forces
MEDIA as the 7th Force in Porter's Five Forces
Industry Analysis model
5 forces and supplier marketing
Porter's Five Forces is Excellent Tool
Basis of Five Forces Strategies
Substitution in the Five Forces Model
Business Networking: Forces are Getting Connected
How does Information Technology alter Porter's 5 Forces
Bargaining Power of Buyers. Examples
5 Forces Model Limitations
Porter 5 Forces and E-Commerce
Measuring / Calculating the Five Forces of Porter?
Evolution in Our Expectations of Business and Porter's Model
There are More than Porter's 5 Forces!
How to Deal with Competitors in Five Forces Analysis?
The Conclusion based on the Five Forces Model
Does Competition Increase the Need for Segmentation?
Who is the Buyer in the Internet Industry?
Five Forces in Accounting Services Industry


Five Forces (Porter) | Five Forces Analysis
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