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Business Environment Assignment: Porter's Five Forces

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Added on  2020-06-05

Business Environment Assignment: Porter's Five Forces

   Added on 2020-06-05

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Porter's five forces model
Business Environment Assignment: Porter's Five Forces_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1Application of model..............................................................................................................1CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
Business Environment Assignment: Porter's Five Forces_2
INTRODUCTIONPorter five forces model is known as a strategic tool which is used to evaluate wholeindustry and identify the factors which impacts organisation, and its productivity (OvidijusJurevicius, 2013). It was developed by Michael E. Porter as to assist sector in identifyingweakness and strengths. The managers of Stockland Pvt Ltd uses this method as to understandvariability of all five forces existing in competitive market. This assist them in understanding theinfluence of these factors and develop a new strategy to overcome issues as to enhance long termprofitability. TASKApplication of modelMichael E. porter determined five forces which runs an industry and shape each andevery activity that ever takes place in it. Stockland is one of biggest property developmentcompany which has estimated business of 16.6 billion Australian dollar market. This analysiswill assist company in gaining a sustainable competitive advantage in real estate industry(Rothaermel, 2015). It has to analyse five forces which are mentioned in image below:1
Business Environment Assignment: Porter's Five Forces_3

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