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Uncovering Porter’s Five Forces Framework’s status in today’s disruptive business context

Ural, Oguz (2014) Uncovering Porter’s Five Forces Framework’s status in today’s disruptive business context.

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Abstract:For 35 years business schools and strategists have been embracing Porter’s Five Forces Framework. During those years the way the industries and the nature of businesses have reshaped themselves shows that today there are far more forces that can and should be taken into consideration. In this paper we take a look at the status of Porter’s Five Forces Framework. We analyze one industry – the US higher education industry. Results show that today when applying Porter’s Five Forces Framework, the framework will only be enough to give a descriptive picture of the industry but not tell you anything about the profitability and the competitiveness of it. In this paper, we add four more forces to Porter’s Framework that according to today’s business environment and context will help to create a more complete framework for analyzing the industry. On the other hand, we also find out that besides the eight Forces, there are always different internal and external factors about the industry and business that will require even more additional forces to be taken into consideration in order to conclude on the competitiveness and profitability of the industry.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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