This paper discusses the Five Competitive Forces that shape strategy and the three general types of strategies that are commonly used by businesses to achieve and maintain competitive advantage.
Nine pages including the reference page, approximately 1950 words, APA formatted.
Porter's Five Forces of Competitive Analysis (1980) is a model to help explain the nature of competition within an industry. Porter (1980) defined the forces which drive competition, suggesting the competitive environment is created by five different forces acting on a business. It identifies and analyzes five competitive forces that shape all industries and markets. ...of consumers that have similar needs, wants and desires. Consumers in different segments have differin