This assignment is intended to help you learn to explain the five competitive forces that determine industry profitability.
Overview
Harvard Professor Michael Porter developed a model that analyzes the level of competition within an industry, assists in determining whether to enter a market and if so, what strategy one might use to be successful. This model has been used universally by entrepreneurs in their examination of the industry’s landscape. Here’s what it looks like:
chapter links
chapter 3 https://reader2.yuzu.com/reader/books/9780134797984/epubcfi/6/96[%3Bvnd.vst.idref%3DP7001014001000000000000000000FB5]!/4/2[P7001014001000000000000000000FB5]/2/2[P700101400100000000000000001A9D8]/6
chapter 4 https://reader2.yuzu.com/reader/books/9780134797984/epubcfi/6/138[%3Bvnd.vst.idref%3DP700101400100000000000000000168B]!/4/2[P700101400100000000000000000168B]/2/2[P700101400100000000000000001AFB6]/7:0[%2C%20Bu]
chapter 5 https://reader2.yuzu.com/reader/books/9780134797984/epubcfi/6/166[%3Bvnd.vst.idref%3DP7001014001000000000000000001ACF]!/4/2[P7001014001000000000000000001ACF]/2/2[P700101400100000000000000001B2F7]/6
https://www.inc.com/magazine/19910901/4825.html
porter”s fives forces https://www.youtube.com/watch?v=_IaBZmB09RE
market research https://www.youtube.com/watch?v=MPzw_bWN1aM
Action Items
- Describe how each element of the Porter’s Five Forces model will impact your intended enterprise.
- Explain how you plan to mitigate risks from each of the elements. Use your Feasibility Analysis when possible.
- Summarize your findings and describe your vision for success in your chosen industry.
- Edit your paper for clarity, style, punctuation, grammar, and spelling.
- Create your paper as an APA to a formatted Word document. It should be 5 pages, not including the references page.
- NO AL used or plagiarism as the paper will go through Turnitin.
- APA 7th edition
- find three credible sources to get a sense of the markets status.