Transcript
American academic born in 1947Professor at Harvard Business SchoolTheories on EconomicsBusiness StrategySocial CauseMost cited author in Business , EconomicsFounder-The Monitor Group (Deloitte)
Who is Michael E Porter ?
Players in the marketProducts in the marketScale of competitorsCR ratio and Herfindahl ratioCost structureBusiness diversity of competitorsStructure of competitors
Competition in the Industry
Ease of access for entrantsCapital intensiveBarriers to entryEase of exitAccess to distribution channelsGovernment policy for new entrantsEconomies of scale
New Entrants
Suppliers concentrationDifferentiation of inputsAvailability of inputsConstraint to suppliersScarcity of inputsPotential of vertical integrationInputs contribution to the product
Supplier power
Buyers concentrationAlternative to customersPrice sensitivityDegree of product differencesBuyers expectationsRegulations constraintsCustomers switching cost
Buyer power
Availability of substituteAvailability of complementElasticity of productVeblen or Giffen(Inferior)Switching cost for customersCustomers expectationsProduct concerns
Substitute
top related