Competitive Rivalry in Porter Five Forces Model

Competitive Rivalry in Porter Five Forces Model

Competitive Rivalry in Porter Five Forces Model If you want to market new product, you select the industry first. And before you start your business in that industry, you should study the nature of competition in that market; so you collect data, analyze and observe the competitors well before you decide to choose that industry. What are factors affecting competition in Porter’s Five Forces? The following factors will help you to understand internal competition in the industry you select to market your products in: Stage of Product life cycle (PLC) of the competing products: Product Life Cycle (PLC) is one Read More