By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
CLOSE
You can change your cookie settings at any time but parts of our site will not function correctly without them. About us | Contact us | Privacy & cookies Site search
home
educators
programme administrators
corporate customers
GO
students
login or register
About us
Shop
CoursePacks
Submit
Workshops
Membership
Competitions
My account
Browse & buy
Printer-friendly version
Product details
Share this page:
THE FIVE FORCES: COMPETING FOR PROFITS - UNDERSTANDING MICHAEL PORTER'S BEST-KNOWN FRAMEWORK BOOK CHAPTER - Reference no. 8889BC
Authors:
Joan Magretta
Published by:
Harvard Business Publishing (2012)
Chapter from:
"Understanding Michael Porter: The Essential
SHARE
Guide to Competition and Strategy"
View our pricing guide
Length:
31 pages
or login to see prices.
Topics:
Profitability; Five forces; Strategy; Competitive strategy
Abstract:
What exactly is competition? How does it work, and what do managers need
ADD TO BASKET
to understand about competition and the nature of competitive advantage? In this chapter, Porter's longtime editor and colleague Joan Magretta emphasizes one of his most fundamental ideas: that the real point of competition is not winning the sale, it's earning profits. This complex struggle between multiple players over who will capture the value created by an industry is where Porter's famous ‘five forces’ come into play. This chapter introduces each one: 1) rivalry among existing competitors; 2) the bargaining power of suppliers; 3) the bargaining power of buyers; 4) the threat of substitute products or services; and 5) the threat of new entrants. Using company examples such as CEMEX, Redbox, Apple, IBM, and Walmart, Magretta describes each force in turn and explains how to assess its strength in your company's competitive context. This chapter was originally published as Chapter 2 of ‘Understanding Michael Porter: The Essential Guide to Competition and Strategy.’ Related:
A PORTER GLOSSARY: KEY CONCEPTS - A MICHAEL PORTER LEXICON BOOK CHAPTER - Reference no. 8904BC
COMPETITION: THE RIGHT MIND-SET - MICHAEL PORTER: WHY BEING UNIQUE IS BETTER THAN BEING THE BEST BOOK CHAPTER - Reference no. 8888BC
COMPETITIVE ADVANTAGE: THE VALUE CHAIN AND YOUR P&L APPLYING MICHAEL PORTER'S VALUE CHAIN FRAMEWORK TO YOUR BUSINESS BOOK CHAPTER - Reference no. 8890BC
CONTINUITY: THE ENABLER - MICHAEL PORTER ON INNOVATION, CHANGE, AND THE STABILITY OF YOUR COMPANY'S VALUE PROPOSITION BOOK CHAPTER - Reference no. 8898BC
CREATING VALUE: THE CORE - STAKING OUT YOUR COMPANY'S UNIQUE COMPETITIVE POSITION USING MICHAEL PORTER'S ELEMENTS OF STRATEGY BOOK CHAPTER - Reference no. 8891BC
FAQS: AN INTERVIEW WITH MICHAEL PORTER: ANSWERS TO TOUGH (AND TIMELESS) QUESTIONS ABOUT STRATEGY AND COMPETITION BOOK CHAPTER - Reference no. 8899BC
FIT: THE AMPLIFIER - MICHAEL PORTER ON THE POWER OF INTERDEPENDENT VALUE CHAIN ACTIVITIES BOOK CHAPTER - Reference no. 8897BC
INTRODUCTION: THE ENDURING IMPORTANCE OF MICHAEL PORTER'S WORK ON COMPETITION AND STRATEGY BOOK CHAPTER - Reference no. 8887BC
TRADE-OFFS: THE LINCHPIN - MICHAEL PORTER'S STRATEGY FOR CREATING A SUSTAINABLE COMPETITIVE ADVANTAGE BOOK CHAPTER - Reference no. 8896BC
Customers who bought this product also bought... View up to ten items most often purchased with this product.
Ref no: 8904BC
A PORTER GLOSSARY: KEY CONCEPTS - A...
Ref no: 8890BC
COMPETITIVE ADVANTAGE: THE VALUE CHAIN AND...
Your recently viewed items View up to the last ten items that you browsed. Fancy something different? Find out what's new >
The Case Centre is a not-for-profit company limited by guarantee, registered in England No 1129396 and entered in the Register of Charities No 267516. VAT No GB 870 9608 93. It is also the trading name of The Case Centre USA, a non-profit making company. Tax ID No 04-31-43431.
The Five Forces: Competing for Profits - Understanding Michael ...
By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
CLOSE
You can chan...
