kinziemadison12
06.09.2021 •
Business
Using the five forces model of competition to determine the character and strength of the competitive forces within a given industry involves building the picture of competition in three steps: (1) identify the different parties involved, along with specific factors that bring about competitive pressures; (2) evaluate how strong the pressures stemming from each of the five forces are (strong, moderate or weak); and (3) determining whether the collective impact of the five competitive forces is conducive to earning attractive profits in the industry
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