Question

Topic: Strategy

What Is The Best Framework To Use For Industry

Posted by Anonymous on 11/19/2009 at 5:41 AM ET 50 Points

Hi guys

I was wondering what the best frame work is to use to check the industry's stability.
I am not referring to porters 5 forces either, I am looking for a frame work to assist in understanding the industries stability from a consumer point of view (demand) so for example the night club industry will in stable as consumers may easily become bored of one venue. Same may apply to the leisure industry, fashion industry etc
Can some one please help me out

thanking you in advance

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RESPONSES

  • Posted by pnaranjo on 11/19/2009 at 10:25 PM Accepted
    The 5 Forces Model, used as a predictor of what will happen in XX years from now, is still a very good model to use. The way you do the analysis has more to do with what elements in each force will be affected or will change (positively or negatively) in a certain amount of years. Knowing that, you can estimate how the industry dynamics will change, and where you will find the future inefficiencies in that industry, and use them to your favor. I have done lots of consulting using this methodology, and we get excellent results.
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