What does Porter’s 5 Forces Model do?

Here is the answer of the question: What does Porter’s 5 Forces Model do?

• This model helps you identify the relationship between various internal and external factors, and create an actionable strategy based on these insights.
• This model shows you the competitive landscape in regard to the 2 key criteria you specify. It helps to prioritize which competitors you should look at first.
• This model helps you assess the overall competitive environment of a particular business sector.

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