Please review Chapter 4’s section concerning Porter’s 5 Forces, read the Forbes article Porter or Mintzberg: Whose View of Strategy Is the Most Relevant Today? (Links to an external site.) (Moore, 2011) and view the required You Tube video Five Competitive Forces That Shape Strategy (Links to an external site.), regarding Porter’s five forces. In the video, Mr. Porter discusses how Porter’s Five Forces Analysis is an important tool for assessing the potential for profitability in an industry. As an example, Mr. Porter applied these five forces to the airline industry. Think of another industry where profitability is low. In an initial post of at least 250 words, apply the five forces to your chosen industry and demonstrate how those forces can lower profitability.
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Please reread the part on Porter’s Five Forces in Chapter 4, as well as the Forbes article Porter vs Mintzberg: Whose View of Strategy Is More Relevant Today? (This is a link to another website.) Moore (2011) defines formalized formalized formalized formalized formalized formalized formalized formalized and watch the required YouTube video Five Competitive Forces That Shape Strategy (Links to an External Site) on Porter’s five forces. Mr. Porter describes how Porter’s Five Forces Analysis is a useful tool for assessing an industry’s potential for profitability in the video. Mr. Porter used the airline industry as an example of how these five forces work. Consider another industry with a low profit margin. Apply the five forces to your chosen industry and illustrate how those pressures can reduce profitability in an initial post of at least 250 words.
