Porter’s five forces model: Essay

Porter’s five forces model: Essay

Sample Essay

Words 592

Porter’s thinking on strategy and the five force model has been supported by precision research into industries and companies and has remained consistent as well as developmental. This paper outlines a few strengths and weaknesses that this strategy and the five force model entail.  In his five force model, Porter has concentrated on different aspects at different times, spinning the threads together with a logic that is irrefutable. Before Competitive Strategy, most strategic thinking focused either on the organization of a company’s internal resources and their adaptation to meet particular circumstances in the marketplace or on increasing an organization’s competitiveness by lowering prices to increase market share. In Competitive Strategy, Porter managed to reconcile these approaches, providing management with a fresh way of looking at strategy from the point of view of industry itself rather than just from the point of view of markets, or of organizational capabilities. (more…)

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