Porter's 5 forces

Porters 5 forces,

Definition of Porters 5 forces:

  1. A model introduced in 1979 by Michael Porter and used by companies for industry analysis and corporate strategy development. The five forces include competition, supplier strength, customer power, the potential for new companies joining the industry, and the threat of substitute products.

Meaning of Porters 5 forces & Porters 5 forces Definition