What Are the Components of the Five-Forces Model of Industry

question 175

Short Answer

What are the components of the five-forces model of industry structure?

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Definitions:

Avoidance

A strategy or approach aimed at preventing an issue or situation from occurring.

Behavior Control

The regulation or governance of individuals' actions within an organizational context to achieve desired outcomes.

Consequences

The outcomes or effects that result from an action or decision.

Fundamental Attribution

The tendency to overemphasize personal characteristics and underestimate situational factors when explaining someone else's behavior.