A Major Drawback of Porter's Five Forces Model Is That

question 13

True/False

A major drawback of Porter's five forces model is that it ignores the rivalry among firms in the industry.

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Definitions:

Adaptive Culture

A corporate culture that is able to change and evolve in response to external forces, trends, and challenges.

Ownership

The state or fact of possessing something, denoting control, responsibility, or rights over an object, idea, or entity.

External Focus

An orientation toward the outside environment, including customers, competition, and market trends, rather than internal processes.

Stakeholder Needs

The requirements, expectations, or desires of individuals or groups who have an interest in the outcomes of an organization or project.