Five Forces Analysis / Framework
The concept provides a summary of Porter's Five Forces model and describes how it is used in practice for analysing the industry’s competitive environment.
Technique Overview
Five Forces Analysis / Framework Definition
The Five Forces Analysis is a model for analysing an industry’s competitive environment. In all industries, the nature and rules of competition are embodied in a five forces framework (FFF): (1) the threat of new entrants, (2) the threat of substitutes, (3) the bargaining power of suppliers, (4) the bargaining power of buyers, and (5) the rivalry amongst existing competitors. The combination of these forces determines industry profitability (Porter, 1980, 1985, 1990).
Five Forces Analysis / Framework Description *
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Business Evidence
Strengths, weaknesses and examples of Five Forces Analysis / Framework *
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Business Application
Implementation, success factors and measures of Five Forces Analysis / Framework *
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Professional Tools
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Further Reading
Five Forces Analysis / Framework web and print resources *
Five Forces Analysis / Framework references (4 of up to 20) *
- Davies, H. and Ellis, P. (2000) Porter's Competitive Advantage of Nations: Time for Final Judgement? Journal of Management Studies, Vol. 37(8), pp. 1189-1213.
- Dunning, J. (1993) Internationalising Porter's Diamond. Management International Review, Vol. 33(2), p. 715.
- Hawawini, G., Subramanian, V. and Verdin, P. (2003) Is Performance Driven by Industry-or Firm Specific Factors? A New Look at the Evidence. Strategic Management Journal, Vol. 24(1), pp.1-16.
- Hill, C.W.L. and Jones, G.R. (2008) Strategic Management: An Integrated Approach. Houghton Mifflin Company, Boston, MA.
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