What is the purpose of Porter’s five forces model?
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What is the purpose of Porter’s five forces model?
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Question 1
General Discussion question
Please discuss these questions in a well written paragraph (200words)
What is the purpose of Porter’s five forces model? Support your argument with an example of a strong force and an example of a weak force. Be sure to support your example by explaining why it was a strong force or a weak force using Porter’s five forces model as a guide. If you have personal experience related to Porter’s five forces model, please include that in your discussion as well.
Question 2
In 200 words
Discuss the concepts of value, margin, and value chain as defined by Porter.
