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Porter’s Five-Force Model (P5CFM). Rev: Sep, 2013 Euiho (David) Suh , Ph.D. POSTECH Strategic Management of Information and Technology Laboratory (POSMIT: http://posmit.postech.ac.kr) Dept. of Industrial & Management Engineering POSTECH. P5CFM (1/3). Threat of Potential Entrants.
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Porter’s Five-Force Model (P5CFM) Rev: Sep, 2013 Euiho (David) Suh, Ph.D. POSTECH Strategic Management of Information and Technology Laboratory (POSMIT: http://posmit.postech.ac.kr) Dept. of Industrial & Management EngineeringPOSTECH
P5CFM (1/3) • Threat of Potential Entrants • Bargaining Power of Buyers • Bargaining Power of Suppliers • Degree of • Existing Rivalry • Threat of Substitutes • What is P5CFM (Porter’s Five-Force Model)? • A tool to know about difference forces that impact on a company’s ability to compete • A tool to diagnose the principal competitive pressures in a market • A tool to assess how strong and important each force is
P5CFM (2/3) • How to use P5CFM? • External Analysis for the firm • Analysis all the activities according to the description below • Threat of Potential Entrants • Bargaining Power of Buyers • Bargaining Power of Suppliers • Degree of • Existing Rivalry • Threat of Substitutes
P5CFM (3/3) • Example • A lubricants industry analysis