An Interview with Michael E. Porter, Professor, Harvard University. Porter’s five competitive forces is the basis for much of modern business strategy. Understand the framework and how to put it into practice.
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can anyone provide me answer on this please? – Is it easier to change human resources to fit the corporate strategy as discussed by
Michael Porter or change the corporate strategy to fit human resources
Can someone explain what's attractive about the soft drinks industry? The buyers' power is strong, the substitutes threat is extremely high, and you compete with the f*ing Coca Cola and Pepsico. And if that's not enough, it is super easy to enter that market. It doesn't require much capital to start or any hard to acquire know-how.
Excellent discussion on this topic! Thanks!
How is the industry changing? Industry analysis is not static.
Airlines actually have low barriers to entry. Can rent planes and lease gates . Worst profitability
Soft drinks: the opposite
Zero sum: customers get low price but no choice
Positive sum: companies compete on diff attributes
Excellent questions from the interviewer !
Good Job
Thank you for your advice sir
Thank you
bruh UvA sends a video from YouTube as a prep for selection test. it's hilarious
THE FIVE FORCES
1. Rivalry among existing competitors
2. Threat of new entrants
3. Bargaining power of buyers
4. Bargaining power of suppliers
5. Threat of substitute products or suppliers
who is here from the UVA test preparation? hahaha
Awesome session with Prof. Micheal E. Porter. Porter's five Forces Model is a generalized model that can be applied to every sector in a micro and macro environment
Hello from NDU!
is it just me who didnt expect him to sound like that
Well, you've heard the man himself. Go to the source, when possible.
Marketing and strategy Guru ..Michael porter
I came here to point out that there is a piece of us 7:39
I use Porter 5 forces to analyze the price of stock for companies. It's a way to analyze quality and industry dominance of a company.
https://www.youtube.com/watch?v=Jyjbwmbdr6A
13 minutes and I've a clear picture before me. Cheers xo
Is the model missing something? How about external factors? Like government policies? If you are doing international trades, tariff and trade embargo will massively impact the business/ industry.
Harvard Business Review is lucky that one of the five forces isn't video quality or they'd be fucked
Anybody else hear him say "have a lot of clout"?
I was a 12 year old boy when Michael was interviewed in this video…and now I am in a B school trying to better understand business through this video. Thanks Michael for your timeless sharing of knowledge.
new entrants, bargaining power of consumer, bargaining power of supplier, threat of substitutes,, rivalry among competitors
https://www.youtube.com/watch?v=Jyjbwmbdr6A&t=2s