Widely used approach for developing strategies

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Reference no: EM132245521

Using the corporation you identified in discussions one (Apple Company), analyze the firm using Porter's Five Force Model.

Porter’s Five Force Model of competitive analysis is a widely used approach for developing strategies. According to Porter, the nature of competitiveness in a given industry can be viewed as a composite of five forces:

1. Rivalry among competing firms

2. Potential entry of new competitors

3. Potential development of substitute products

4. Bargaining power of suppliers

And

5. Bargaining power of consumers

Reference no: EM132245521

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