Jul 14, 2017 Research papers

Using the Five Forces Model of Competition

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Using the Five Forces Model of Competition

INSTRUCTIONS:

Figure 3.3 in your textbook shows the analytical tool that aids in understanding the various competitive forces that affect strategic planning. Although all organizational sectors potentially face similar kinds of competitive forces, each sector and/or organization may face unique factors that affect competitive pressure at any given time, depending on varying circumstances.

In this forum, you need to locate two scholarly (peer-reviewed) journal sources that investigate any one element of Figure 3.3 from the perspective of organizations in the same sector. In other words, use research/scholarship that deals with one element from one sector. There may be some variance in the issues examined, and more than one organization may be involved, but both articles need to deal essentially with the same area of competitive pressure in the same sector of organizations. For instance, you may investigate “supplier bargaining power from foreign markets” or “dealing with emerging companies in the cell phone (or tech) industry.” Remember to use only scholarly articles (minimum two). However, three total scholarly sources are required with your post, so you may utilize your textbook as needed to support your informed assertions.

[Suggestion: You may want to know more about the developer of the Five Forces Model—Michael Porter, who is a premier strategy professor at Harvard. Check him out on YouTube.]

Instructions: Your initial post should be at least 250 words, and contain three scholarly citations/references (two from peer-reviewed journals). 

CONTENT:

Using the Five Forces Model of Competition Student Name Instructor Course Date Market set up is comprising of five forces that determine the success/failure of any given company. The forces give a good outline of the feasible strategies a company needs to employ to outdo its competitors. According to Porter’s model, the five forces include: The Suppliers The Buyers The threat of new entrants The risk of subst

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