The Five Competitive Forces That Shape Strategy Essay

The Five Competitive Forces That Shape Strategy - Essay ExampleWe study and form our respective opinions around this article through this paper.The article begins with a short summary of the five factors described in one-liners, after which the main body of the article introduces the reader to the roles of a strategist and how it has become exceedingly change down to checking competitor plans in recent years. While the author articulately puts forward his thesis of how the underlying forces of profitability remain the same in alone business types, he also points out that strategy building is not a function of the competitor prices and strategy alone. In short, right from the introduction, he makes it very clear that for any business type, using the five factors for strategy building is highly important to its success ( hall porter, 1). We agree to this point that strategy building is a very important aspect of business development and that Porters observations are entirely importa nt for strategy building. But we also cannot but recollect the fact that not all these factors are important in cases of all businesses. And that the model proposed by Porter is not universally true as at that place are other factors that can be included in it too. Let us first take a quick round up of Porters five forces before we dwell on the other factors.All of the above mentioned points are directly relevant to businesses of any size. However, given the market scenario and the changes that we wear seen in it over the past couple of decades, it is difficult to say whether the model is universally true or self-sufficient. Here are a few examples for us to note and learn fromThis force was first expressed in the work of Barry Nalebuff and Adam Brandenburger, when they used the game theory to add the concept of complementors to the model as a force that can govern strategy development for a business. According to their predictions,