Asked by Ashley Elizabeth on Apr 24, 2024
Verified
The web has changed Porter's five fundamental forces.
Porter's Five Forces
A framework for analyzing a company's competitive environment and identifying the strengths and weaknesses of its current competitive position.
- Understand the effects of the internet on competitive dynamics and profit margins across different sectors.
Verified Answer
RC
Robert Cella7 days ago
Final Answer :
False
Explanation :
Porter's Five Forces framework, which includes the threat of new entrants, the threat of substitutes, the bargaining power of buyers, the bargaining power of suppliers, and competitive rivalry, remains a fundamental tool for analyzing industry structure and competition. The web has impacted how these forces operate and interact but has not changed the fundamental forces themselves.
Learning Objectives
- Understand the effects of the internet on competitive dynamics and profit margins across different sectors.