Mental Model:
Porter's Five Forces
Competitive Dynamics, Industry Analysis, Risk Assessment
Porter's Five Forces is a framework that analyzes the competitive dynamics and attractiveness of an industry, helping businesses understand the potential risks and opportunities they face.
Instructions
1. Identify the industry's competitive forces.
2. Assess the intensity of each competitive force.
3. Analyze the impact of the competitive forces on profitability.
4. Identify potential strategies to mitigate the negative effects of competitive forces.
5. Continuously monitor and adapt strategies to respond to changes in competitive forces.
Mental Model:
Porter's Five Forces
Competitive Dynamics, Industry Analysis, Risk Assessment
Porter's Five Forces is a framework that analyzes the competitive dynamics and attractiveness of an industry, helping businesses understand the potential risks and opportunities they face.
Instructions
1. Identify the industry's competitive forces.
2. Assess the intensity of each competitive force.
3. Analyze the impact of the competitive forces on profitability.
4. Identify potential strategies to mitigate the negative effects of competitive forces.
5. Continuously monitor and adapt strategies to respond to changes in competitive forces.