Michael portal's 5 forces model to analyse industry attractiveness

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I think that adding the Michael portal's 5 forces model to analyse industry attractiveness in the idea evaluation process will be very beneficial for all startups.

Let me explain it in short so that everyone around here grasps the feature and it's benefit:

Michael porter's framework provides holistic view and considers multiple layers of an industry's dynamics. However it is static.

*โ€œMichael porter's 5 forces modelโ€*: (keep in mind it helps analyse competitive environment of a industry)
1. Threat of new entrants

2. Threat of substitutes

3. Rivalry among existing firms

4. Bargaining power of suppliers

5. Bargaining power of buyers

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Date

About 4 years ago

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An Anonymous User

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