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This question has been answered, and points have been awarded.
How Do I Use Porter's Five Forces And Value Chain Model?
Posted by Anonymous on
7/9/2004 at 11:53 AM ET
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?
7/9/2004 at 12:07 PM
Our old standy, QuickMBA has a good primer on Porter's 5 forces, check it out first.
There are many other models, here are just a few:
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.
7/9/2004 at 12:10 PM
to help you out check this similar question here on KHE:
relating specifically to competition analysis.
Several online references were provided to Porter's forces and tools (excel sheets) for competitive analysis that should prove most useful.
Hope this helps,
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