Michael Eugene Porter (born May 23, 1947)[ is the Bishop William Lawrence University Professor at Harvard Business School. He is a leading authority on company strategy and the competitiveness of nations and regions. Michael Porter’s work is recognized in many governments, corporations and academic circles globally. He chairs Harvard Business School's program dedicated for newlyappointed CEOs of very large corporations.
WORK UNDER REVIEW:
* Porter, M.E. (1979) "How Competitive Forces Shape Strategy", Harvard Business Review, March/April 1979.
* Porter, M.E. (2008) "The Five Competitive Forces That Shape Strategy", Harvard Business Review, January 2008, pp. 79-93.Porter’s ﬁve forces” have shaped a generation of academic research and business practice. Porter here reafﬁrms, up- dates, and extends the classic work. He also addresses common misunderstandings,provides practical guidance for users of the framework, and offers a deeper view of its implications for strategy today.
NAME : VIPUL PATIL
COURSE : PHARMATECH AND HEALTHCARE MANAGEMENT (MPHARM+MBA)
DEPARTMENT : PHARM ANALYSIS
ROLL NO : 20
YEAR : FIRST YEAR
The Five Forces model of Porter is an outside-in business unit strategy tool that is used to make an analysis of the attractiveness (value...) of an industry structure.
It captures the key elements of industry competition.
1. Threat of new entrants
2. Bargaining power of suppliers
3. Bargaining power of Buyers
4. Threat of substitute products
5. Intense rivalry among existing players
* As different from one another as industries might appear on the surface, the underlying drivers of proﬁtability are the same. But to understand industry competition and proﬁtability.
* In each of the cases, one...