Summarize Michael Porter's Model for Industry Analysis

question 14

Essay

Summarize Michael Porter's model for industry analysis.Give an example of each of the five primary competitive forces in a firm's environment.

---

Definitions:

Antecedents

Elements or events that exist or occur before a specific point or action, often influencing or causing the subsequent outcomes.

Positive Reinforcement

A method of encouraging desired behaviors by rewarding them, thereby increasing the likelihood that these behaviors will be repeated in the future.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable event or outcome strengthens the likelihood of a desired behavior occurring in the future.

Influence Tactics

Strategies or methods used by individuals or groups to persuade or motivate others to follow their directives or accept their ideas.