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what can the organization use the porter five forces analysis to promote competitiveness in their industry?

Answer :

Porter's 5 forces make up a study model of the competitive structure of an industry in which the following are analysed:

  • The bargaining power of customers
  • The bargaining power of suppliers
  • The threat from substitute products
  • The threat from represent incoming products

Porter's 5 forces

These five elements are analyzed separately but interconnected, since each of them affects the organization's level of competition. By analyzing the threats of these competitive forces, we can determine our position in the market and understand why we have the current market share.

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