http://voices.yahoo.com/strengths-limitations-porters-five-forces-model-11498296.html?cat=3
five porters forces model with specific reference to south Africa banking between 2010 and 2014
limitation of porters
porters five force model for hero Honda
The five porters include the following ; intense rivalry of the existing firm, threats of substitutes, threats of the buyers, threat of the suppliers, threats of the new entrant
Porter's five forces model is important in strategic management because it shows you the positive outcome of advancing in your career. It also helps you understand the outcome of the competitive position you are currently in.
porter's five forces model to cement industry ?
business
- threat of new entrants - jockeying for position - bargaining power of suppliers - bargaining power of buyers - threat of substitute products
Purchasing models handbook - 40 types. Book available from CIPS Section 1: Management Leadership Tannenbaum and Schmidt Situational Leadership Model Action Centred Leadership Tuckman Model Balanced Scorecard Iron Triangle Managerial Grid Section 2: Strategic Analysis Porters's generic strategies Ansoff Matrix Porters Five Forces Boston Box Innovation Diffusion Strategy Development PCA PESTLE Section 3: Key Processes Communication Processes Product Life Cycle Purchasing Life Cycle Network Analysis Ishikawa Demings PDCA Model Risk Impact Grid Section 4: Negotiation Persuasion Tools Matrix ZOPA Model Phases of Negotiation Thomas Kilman Conflict Model SPIN Model Rapport Matrix Section 5: Relationships Relationship Continuum Kraljic Model Supplier Preferencing Model Power Dominance Outsourcing Decision Matrix ESI Stakeholder Analysis Section 6: Organisations SWOT McKinsey 75 Cultural Web Model Porters Value Train Lewin's ForceField Analysis Model Lean vs Agil
refer to michale portes five forces model
In the economic sense, the model assumes a classic perfect market. The more an industry is regulated, the less meaningful insights the model can deliver. · The model is best applicable for analysis of simple market structures. A comprehensive description and analysis of all five forces gets very difficult in complex industries with multiple interrelations, product groups, by-products and segments. A too narrow focus on particular segments of such industries, however, bears the risk of missing important elements. · The model assumes relatively static market structures. This is hardly the case in today's dynamic markets. Technological breakthroughs and dynamic market entrants from start-ups or other industries may completely change business models, entry barriers and relationships along the supply chain within short times. The Five Forces model may have some use for later analysis of the new situation; but it will hardly provide much meaningful advice for preventive actions. · The model is based on the idea of competition. It assumes that companies try to achieve competitive advantages over other players in the markets as well as over suppliers or customers. With this focus, it dos not really take into consideration strategies like strategic alliances, electronic linking of information systems of all companies along a value chain, virtual enterprise-networks or others. Overall, Porters Five Forces Model has some major limitations in today's market environment. It is not able to take into account new business models and the dynamics of markets. The value of Porters model is more that it enables managers to think about the current situation of their industry in a structured, easy-to-understand way as a starting point for further analysis.