What does Porter’s 5 Forces Model do?

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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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