Using Five Forces Analysis to Strategically Position Your Firm in the Market
The Five Forces Analysis, developed by Michael Porter, is a framework for assessing the competitive forces within an industry that shape and influence the intensity of competition. This analysis helps businesses understand the attractiveness of an industry, identify potential sources of competition, and formulate strategies to position themselves effectively. The
The Value Chain Analysis for Achieving Competitive Advantage
Value Chain Analysis is a strategic management framework introduced by Michael Porter in his book “Competitive Advantage: Creating and Sustaining Superior Performance.” The value chain is a systematic way of examining all the activities a firm performs and how they interact to create value. The analysis helps identify opportunities for
Using Blue Ocean Strategy to Create Uncontested Market Space
Blue Ocean Strategy is a business strategy framework developed by W. Chan Kim and Renée Mauborgne, professors at INSEAD. It was introduced in their book “Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant,” published in 2005. The framework encourages organizations to move away from
Using The BCG Growth-share Matrix for Business Strategic Decisions
The BCG Growth-Share Matrix, also known as the Boston Consulting Group (BCG) Matrix, is a strategic management tool that helps businesses analyse and classify their product or service portfolio based on two key dimensions: market growth rate and relative market share. It was developed by Bruce D. Henderson, the founder
