What's Porter's Five Forces Model?

Join Audrey McLean in our latest video where we delve into the fascinating world of business strategy with a focus on Porter's Five Forces Model.

This model, developed by Harvard Business School professor Michael E. Porter, is a powerful tool used to analyze the competitive environment of an industry. Whether you're a student, a budding entrepreneur, or a seasoned business professional, this video is designed to provide you with a clear and comprehensive understanding of the model.

This video covers:
An overview of the five forces and their role in market analysis.
Force 1: Threat of New Entrants
Understanding how new competitors can impact a market.
Factors that determine the ease or difficulty of entering an industry.
Force 2: Bargaining Power of Suppliers
Analyzing how suppliers' strengths and weaknesses affect market dynamics.
Strategies businesses can use to manage supplier power.
Force 3: Bargaining Power of Buyers
Exploring the influence of customers in an industry.
Methods for companies to create a balance with powerful buyers.
Force 4: Threat of Substitute Products or Services
Evaluating the impact of alternative products and services.
How to differentiate products to minimize this threat.
Force 5: Rivalry Among Existing Competitors
Understanding the intensity of competitive rivalry.
Ways to gain a competitive edge in a crowded marketplace.

Don't forget to like, share, and subscribe for more insightful business strategy content. If you have any questions or want to share your experiences with Porter's Five Forces Model, feel free to leave a comment below!

This video, more on networking and 100s more are available on the Sales Geek Academy at https://app-2022.salesgeek.co.uk/ Sign up today!

If you have a business in the East Midlands, UK and would like to get in touch with Audrey for Sales Geek's help with your business, as an interim Sales Director or with Sales Training, please contact her or Campbell on: eastmidlands@salesgeek.co.uk

If you based anywhere else and are interested in Sales Geek's help to grow your business or with starting a Sales Geek franchise please get in touch info@salesgeek.co.uk

www.salesgeek.co.uk/franchise-opportunities

#PortersFiveForces #BusinessStrategy #MarketAnalysis #CompetitiveStrategy #salestraining #michaelporter

Видео What's Porter's Five Forces Model? канала Sales Geek