Let the famous Porter’s 5 Forces, one of the cornerstones of competitive strategy, help you frame your existing and potential competition. Created by Michael Porter in 1979, Porter’s 5 Forces is one of the most useful frameworks to understand the current and future competitive intensity of an industry, which is driven by the dynamics of 5 Forces including the competitive rivalry within an industry, the power of suppliers, the power of buyers, potential new entrants, and substitutes. These 5 Forces not only drive the level of competitive intensity, but also the profit and attractiveness of an industry.
To get you started on your Porter’s 5 Forces analysis, download the free Porter’s 5 Forces PowerPoint Worksheet.
CLICK HERE FOR MORE ON PORTER’S FIVE FORCES
I hope you've gotten some new ideas and perspectives from Stratechi.com. If you want some one-on-one support from me, Joe Newsum, set up some time here. I'm a McKinsey alum who has also been the COO of the 9th fastest growing U.S. company, managed $120 million marketing budgets, led the transformation of 20,000 employees, successfully started two companies from scratch, and amassed a load of experience over my 25-year career. I really enjoy coaching clients and they get a ton of value too. You can see some of their testimonials here. I have deep experience with this topic, strategic planning, career development, scaling up, workshops, leadership, presentation development & delivery, ramping up new roles, and much more. Read my take on developing a strategy. Click here to learn more about me or book some time.
BIG PICTURE
WHAT IS STRATEGY?
BUSINESS MODEL
COMP. ADVANTAGE
GROWTH
TARGETS
MARKET
CUSTOMER
GEOGRAPHIC
GO TO MARKET
DISTRIBUTION
SALES
MARKETING
STAY IN TOUCH
