Blog entry by Olabisi Ometoruwa-Miyebi

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by Olabisi Ometoruwa-Miyebi - Saturday, 5 June 2021, 11:33 PM
Anyone in the world

Its funny that i just started hearing of this some days back.. Michael Porter brought about the 5 forces of competitive strategy that show how to analyse a company's competitive environment.

The Potter Five Forces model identified five main sources of competition, namely:

  • Bargaining power of suppliers
  • Bargaining power of Buyers
  • Threats of New Entrants
  • Threats of Substitutes
  • Competition of existing competitors in the industry

I remain your humble expert, no semi expert ❤️❤️❤️I