Posts Tagged ‘Porter’s Five Forces’
Wednesday, May 29th, 2019
by Justin Grensing, Esq., MBA
Google has not had a great couple of years in Europe. In March, the company was fined 1.5 billion euros—roughly $1.7 billion—for antitrust violations in the online advertising market. This represents the third such fine against the tech giant since 2017. “With the announcement on Wednesday, the European fines against Google total roughly €8.2 billion, or $9.3 billion,” says an article by Adam Satariano for the New York Times. “But the bloc has not received any of the money yet; Google is appealing the earlier decisions, and is mulling whether to appeal the most recent ruling.”
These fines provide some interesting business lessons relevant to any industry. (more…)
Tags: consumer privacy, EU, European Union, GDPR, Porter's Five Forces, privacy, regulatory risk, Strategy
Posted in Internet Marketing, Marketing and Branding | No Comments »
Tuesday, February 26th, 2019
by Justin Grensing, Esq., MBA
Tesla, the electronic vehicle (EV) company headed by high-profile billionaire Elon Musk, is a fascinating organization in many ways. The media has recently been excited about the company’s back-to-back quarterly profits. Despite the company operating in the red for so long, observers love to root for the revolutionary company. It’s also interesting to look at Tesla from a business strategy standpoint. For example, Tesla is widely recognized for the way it generates intense customer loyalty. (more…)
Tags: beating the competition, competition, competitive advantage, Marketing, marketing mix, Porter's Five Forces, Tesla
Posted in Competition, Marketing and Branding | No Comments »
Thursday, April 20th, 2017
Any business school graduate has probably had a healthy dose of Michael Porter’s Five Forces, and for good reason. The framework is a great way to look at the competitive landscape. Porter’s framework is designed to look at the competitiveness of a particular industry, as opposed to companies within that industry. For example, you might use the framework to determine the attractiveness of starting a soft drink company, as opposed to investing in PepsiCo versus The Coca-Cola Company. We’ve provided a broad overview of the tool in the past, but we’ve recently been taking time to look at each individual force in greater detail. Today, we’re diving deeper in the threat of new entrants. (more…)
Tags: competition, disruptive innovation, Porter's Five Forces, Strategy, threat of new entrants
Posted in Marketing and Branding | No Comments »
Tuesday, April 18th, 2017
Michael Porter’s Five Forces framework uses industrial organization economics to evaluate the attractiveness of an industry based on the overall level of competition within that industry. The more competitive an industry, the lower profits will be. Conversely, an industry with little competition is likely to be more profitable and, therefore, more attractive. We’ve already written on the Porter’s Five Forces generally. Now we’re looking at each of the forces individually and in greater detail. Today we’re taking a closer look at the supplier power. (more…)
Tags: competition, distributors, independent suppliers, Marketing, middle man, Porter's Five Forces, Pricing, the power of suppliers, wholesalers
Posted in Competition, Marketing and Branding | No Comments »
Tuesday, April 11th, 2017
Michael Porter developed his Five Forces framework as an associate professor at the Harvard School of Business in 1979 as a way to help evaluate the attractiveness of different industries based on the primary five forces he saw driving the competitive environment of those industries. We’ve covered the framework generally, and now we’re looking at each individual force. Today we look at competitive rivalry. (more…)
Tags: brand value, competing for business, competition, competitive rivalry, competitiveness, Porter's Five Forces, Strategy
Posted in Business Development, Marketing and Branding | No Comments »
Wednesday, April 5th, 2017
In 1979, Michael Porter, an associate professor at Harvard Business School, developed what would become known as Porter’s Five Forces, a framework intended as a tool for determining the attractiveness of certain industries based on the level of competition within those industries. The five forces — threat of new entrants, threat of substitutes, supplier power, buyer power and competitive rivalry — collectively determine the degree of competitiveness within an industry. We’ve written about the framework as a whole. Now we’re looking at each force in depth. Today, we look at buyer power. (more…)
Tags: business strategy, competition, competitive strategy, Porter's Five Forces, strategic analysis, Strategic Planning, Strategy
Posted in Uncategorized | No Comments »
Tuesday, March 21st, 2017
Michael Porter revolutionized the world of business strategy when he developed his Five Forces framework, which evaluates the competitiveness — and resulting attractiveness — of an industry based on five competitive forces. We’ve discussed the framework previously, but now we’re taking a more in-depth look at each individual force. Today, we’re looking at the threat of substitutes. (more…)
Tags: competition, Porter's Five Forces, Strategic Planning, Strategy, switching costs, threat of substitutes
Posted in Business Development | No Comments »
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