UI Michael Porters 5 Forces Model Discussion
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In chapter 3 of the 760 eBook, the author discusses Michael Porter’s 5-Forces Model that is arguably the most significant business model ever developed. It shows up in numerous business courses such as economics, marketing, and general business. It is good because it works.
The Five Forces are:
1. The Threat of New Entrants
2. The Rivalry Among Existing Competitors
3. The Bargaining Power of Buyers
4. The Threat of Substitute Products or Services
5. The Bargaining Power of Suppliers
Select one of the Five Forces that you feel is the most important and explain why it works. Feel free to cite any of the following:
- The 760 eBook
- The Original Article (attached).
- The attached video.
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