Reference no: EM132915183
Porter's Five Force framework is commonly used in business schools to explain strategy, dynamics and other topics. When speaking to MBA's in the "real world", many continue to use this framework. If you choose to respond to this topic, please discuss:
Do you agree with the framework?
How have you seen one component (e.g., buyer power) impact another (e.g., threat of new entrants).
How may/has this framework help(ed) create strategy in your organization?
When answering this prompt, please be sure to address the following:
-What are the key points being made?
-Why is this important within organizations?
-What are the implications for my professional behavior and success? In other words, explain how you can use this material in your professional life