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Five Forces Competitive Model (Porter's 5 Forces)
Every business must meet the challenges of their competitive market. This week you are going to conduct a strategic analysis, using Porter's 5 Forces Model, to analyze your business's competitiveness in your industry.
The five forces are: intensity of rivalry, threat of potential new entrants, bargaining power of buyers, bargaining power of suppliers, and threat of substitute goods and/or services.
Using the five forces, share how your business idea will overcome the challenges in your competitive market.
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