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The Porter Five Forces in Business and Strategic Management

   

Added on  2020-03-04

8 Pages1450 Words284 Views
Running head: BUSINESS AND STRATEGIC MANAGEMENT 0Business and StrategicManagement
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BUSINESS AND STRATEGIC MANAGEMENT1Table of ContentsIntroduction................................................................................................................................2UPS............................................................................................................................................3Porter’s Five Forces...................................................................................................................3Risk of New Entries...............................................................................................................3Negotiation Power of Buyers.................................................................................................3Negotiating Power of Suppliers.............................................................................................4Risk of Alternate Options.......................................................................................................4Competition Rivalry...............................................................................................................4Conclusion..................................................................................................................................6References..................................................................................................................................7List of FiguresFigure 1: Porter Five Forces.......................................................................................................5
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BUSINESS AND STRATEGIC MANAGEMENT2Introduction The Porter’s five force study is a structure for evaluating the five forces that create each industry and it assists in analysing its strong points and weaknesses. Organisations use Porter's method to ascertain their competition in particular industry. This model was founded by Michael E. Porter. Porter analyse various micro and macro environment factors to establish this model. The model is based on five principles, which are, the risk of new competition, buyer’s negotiation power, seller’s negotiation power, the risk of alternatives and competition in an industry. This report will analyse these five principles and apply them to the business of UPS India.
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