Asked by Drishana Pillay on Apr 24, 2024
Verified
The best-known framework for analyzing competitiveness is ________'s competitive forces model.
A) Job
B) Gates
C) Mintzberg
D) Porter
Competitive Forces
Market dynamics that impact the competitive landscape, often analyzed through frameworks like Porter's Five Forces, including threats from new entrants, bargaining power of suppliers and buyers, threats from substitute products, and rivalry among existing competitors.
Porter
Often associated with Michael E. Porter, an economist who developed the Five Forces Framework to analyze competitive forces within an industry.
Framework
A basic structure underlying a system, concept, or text.
- Exhibit comprehension of the framework of Porter’s competitive forces and its role in devising strategic initiatives.
Verified Answer
Learning Objectives
- Exhibit comprehension of the framework of Porter’s competitive forces and its role in devising strategic initiatives.
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