Business Strategy and the Five Forces Model.DOC

Business Strategy and the Five Forces Model

Business Strategy and the Five Forces Model

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Business Strategy and the Five Forces Model

Porter’s five forces

Business success is subject to different forces that arise from the environment. One of the sources of these forces relate to the industry structure (Dennis & Harris, 2003). There is need therefore for a firm to understand the forces inherent in its industry. This can be realised through the integration of the Porter’s five forces model, which assesses five main industry forces that include competitive
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