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6 Cards in this Set
- Front
- Back
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Porter's 5 Forces of Industry |
1. Bargaining power of customers 2. Threat of substitutes 3. Bargaining power of suppliers 4. Threat of new entrants 5. Rivalry |
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Business Process |
A network of activities that generate value by transforming inputs into outputs
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The intensity of each of the 5 forces determine ___________. |
How profitable the industry is |
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Support Activities |
1. Procurement: finding vendors 2. Technology: R&D 3. Human Resources: recruiting 4. Firm Infrastructure: mgmt, finance, accounting, legal |
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It is difficult to calculate the __________ of support activities |
Margin |
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Competitive Advantage |
Create new product, enhance product, differentiate. |
