Porter's 5 Forces Model Was Based on a Static, Stable

question 28

Multiple Choice

Porter's 5 Forces model was based on a static, stable view of industry which ignores dynamic forces

• A)because industries in Porter's day were not very dynamic.
• B)which can easily be dealt with by taking a dynamic perspective of the forces e.g. Innovation is a consequence of Rivalry.
• C)and so has outlived its usefulness, and should be replaced with something more up to date.
• D)which was Porter's intention, because you have to "walk before you can run".

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Definitions:

Primacy Of Thinking

The principle that suggests thinking processes are the primary influence on emotions, behaviors, and attitudes.

Emotion

Feeling, or affect, that can involve physiological arousal (such as a fast heartbeat), conscious experience (thinking about being in love with someone), and behavioral expression (a smile or grimace).

Sympathetic Nervous System

Part of the autonomic nervous system that activates what is often termed the fight or flight response.

Autonomic Nervous System

The body system that takes messages to and from the body’s internal organs, monitoring such processes as breathing, heart rate, and digestion.