information about their industry and to check it against each of the factors (such as number of competitors in the industry) influencing the force. Rivalry among existing competitors. Its depends on the cost of the customer switching from one supplier to another.
The model is also used to analyzethe attractiveness of an industry structure. Like as, if the buffet has the many supplier of their restaurant goods or the variety of supplier. The rivalry among current competitors. In the result they are getting the successful in their business. For this they invest more cost on sales promotion campaigns.
Porter 's Five Forces.
Understanding Competitive Forces to Maximize Profitability.
Thanks for sharing this amazing article on Porter 's Five Forces Model.
Porter 's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry, and helps determine an industry's weaknesses and strengths.
Shannon And Weaver Model, Modern Civil Rights Forces, Asian Model Of Development, Criminal Justice and Models of Policing,