This chart identifies Porter's 5 Forces for assessing the profitability of a value chain: threat of substitutes, threat of new entrants, bargaining power of buyers, bargaining power of suppliers, and rivalry among existing competitors.Įach of these forces has several determinants. Porter’s Five Forces framework was developed by Harvard's Michael Porter using concepts from industrial organization economics to analyze five interacting factors critical for an industry to become and remain competitive: industry competition, threat of new entrants, threat of substitutes, bargaining power of buyers and bargaining power of suppliers.
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