Posts Tagged

Porter

Business Strategy: Strategy Formulation

In the strategy formulation process, an organization’s directors generate a general plan of what an organization should and should not do, given its market forces and its internal resources, in order to best meet its goals. Porter’s Generic Strategies: A firm should consistently choose one of Porter’s generic strategies. The first dimension is whether you…

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Business Strategy: External Analysis

Let me introduce a modified version of my favorite tool for performing external analysis: Porter’s Five Forces Model of Industry Attractiveness. Porter’s Five Forces Model is a framework for assessing long-term profitability in an industry. It is used to fill in the opportunities and threats sections of a SWOT table. It evaluates how profitable a well-positioned product…

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