Question

Topic: Strategy

How Do I Use Porter's Five Forces And Value Chain Model?

Posted by Anonymous on 7/9/2004 at 11:53 AM ET 649 Points
How do I use Porter's five forces to conduct a competition analysis in my area of business? Is their any other model that I can use? I am thinking of measuring the level of competition and the existing threats, not to mention carrying out an internal audit. Is the Poreter model the best one to use?
thank you.
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  • Posted by Pepper Blue on 7/9/2004 at 12:07 PM Member
    Hi Greg,

    Our old standy, QuickMBA has a good primer on Porter's 5 forces, check it out first.

    https://www.quickmba.com/strategy/porter.shtml

    There are many other models, here are just a few:

    Ansoff
    BCG
    TOWS Matrix
    GE Mckinsey

    You might want to pick up a book/textbook on business strategy to help work your way through some of these, although it is all readily avaialble on the Internet.

    There is no "best one", or "one size fits all" you really need to look at them and determine which one works best for you in yuor situation.

    Then, once you have your analyis complete come back here and post some questions on what we think of it, the more specific, the higher quality answers you'll get.

    I hope that helps.
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