Importance of Porter’s Five Forces Analysis in Industry Analysis

Running head: SELF REFLECTIVE ESSAY
Self Reflective Essay
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1SELF REFLECTIVE ESSAY
Introduction
The self-reflective analysis will be discussing about my experiences on the same. Proper
illustrations of the different points are required to be analyzed in an effective manner in order to
gain my understanding on the Porter’s Five Forces Analysis will be illustrated and analyzed in an
appropriate manner to provide a brief overview on the condition of the same on the different
kinds of industries starting from telecom or retail industry as well.
Self-Reflective Analysis on Industry Analysis
While conducting the industry analysis, I have analyzed that the entire analysis of
industry as this helps the owners of the business in estimating the profit which is generated from
the different kinds of business operations. Furthermore, in analyzing the industry, I have learnt
that industry analysis is a kind of business function which is completed by the individuals such
as the business owners in order to assess the current business environment.
Moreover, I have tried in analyzing the various economic pieces of the market place and
how these pieces help and is being used in gaining competitive advantage in the entire economy
as well. With the help of the industry analysis, I tried to gain knowledge on the impact of the
different kinds of competitors or threats from the competitors. I tried to analyze the same with
the implementation of Porter’s Five Forces Analysis.
For instance- I have learnt that in Apple, the entire Porter’s Five Forces Analysis is
required to be analyzed effectively. I tried to compare the bargaining and threat from the
different competitors between Apple and Samsung. I noticed that there is huge level of rivalry
among Apple along with the different competitors. However, from the analysis, I gained the