Vascular Surgery Porter's Five Forces

Use of Porter's Five Forces analysis to identify the sources of competition, the strength and likelihood of that competition existing, and barriers to competition that affect vascular surgery will help our specialty understand both the strength of our current competition and the strength of a position that our specialty will need to move to. By understanding the nature of the Porter's Five Forces as it applies to vascular surgery, and by appreciating their relative importance, our society would be in a stronger position to defend itself against threats and perhaps influence the forces with a long-term strategy. Porter's generic strategies attempt to create effective links for business with customers and suppliers and create barriers to new entrants and substitute products. It brings an initial perspective that is convenient …show more content…
The primary purpose of the framework is the latter; however, tying the analysis to specific strategic action items is challenging. There are many contingency factors to consider (e.g. stage of industry cycle) so that universal guidelines regarding actions to take given certain threat levels are not advisable. In Competitive Strategy, Porter’s links between the five forces and specific strategic actions are provided throughout much of the latter parts of the book and are not in a single place which would make them more accessible and likely to be seen and/or used. While this placement is understandable and warranted, it forces the user of the framework to be more proactive and perceptive in drawing actionable conclusions from his/her five forces analysis. The templates are designed to aid analysts with this aspect of using the framework, as