Porter’s Five Forces and the concept of SWOT for understanding.
You have just been introduced to Porter’s Five Forces and the concept of SWOT for understanding business strategy in your finance class. You are excited and eager to share these new insights with other classmates after class.
Porter’s Five Forces and the concept of SWOT for understanding business strategy
You have just been introduce d to Porter’s Five Forces and the concept of SWOT for understanding business strategy in your finance class. You are excited and eager to share these new insights with other classmates after class.
However, you really want to impress your classmates with your understanding of the material so you scheduled an office meeting to go over these concepts with your professor to make sure you understand them.
Provide a brief summary of Porter’s five forces.
How it is integrate with a SWOT analysis for developing a business strategy for your professor.
Formulate a thoughtful response from 100 to 250 words. Include at least one reference.
More details:
Porter’s 5 Forces and SWOT analysis are both tools use d to analyze and make strategic decisions. Porter’s 5 Forces is use d to analyze the competitive environment within an industry, while a SWOT analysis tends to look more deeply within an organization to analyze its internal potential.
Porter’s Five Forces and the concept of SWOT for understanding