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In a Short Essay,describe and Discuss the Five Competitive Forces,according

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Essay

In a short essay,describe and discuss the five competitive forces,according to Michael Porter,that determine industry attractiveness and profitability.In discussing these forces,be sure to identify specific factors that determine the strength of each force.


Definitions:

Informal System

A network or process within an organization that is not officially sanctioned but emerges from the relationships and social networks among employees.

Current Sources

The existing suppliers or providers from which a company obtains products, services, or information.

Strategic Alliances

Partnerships between two or more companies to pursue a set of agreed upon objectives while remaining independent organizations.

Intellectual Property

Legal rights related to creations of the mind, such as inventions, literary and artistic works, symbols, names, and images.

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