Comments on: Porter’s Five Forces, Updated http://organizationsandmarkets.com/2008/02/05/porters-five-forces-updated/ Economics of organizations, strategy, entrepreneurship, innovation, and more Sun, 20 Jul 2008 05:16:05 +0000 http://wordpress.org/?v=MU By: Ian Pratt http://organizationsandmarkets.com/2008/02/05/porters-five-forces-updated/#comment-70556 Ian Pratt Wed, 11 Jun 2008 10:50:58 +0000 http://organizationsandmarkets.wordpress.com/?p=1358#comment-70556 It is always fascinated to read debate and discussion around strategic theory. However, I am curious why there is a reference to Porter down playing the relevance of internal resources. In recent times, I have always completed the industry analysis using Porters Five Forces and then completed the internal analysis looking at the firm’s resources. However this does raise the question, if you truly have a competitive advantage do you really have any competitors and if you have differentiated your business based on, say, customer service what is the role of the industry analysis? It is always fascinated to read debate and discussion around strategic theory. However, I am curious why there is a reference to Porter down playing the relevance of internal resources.

In recent times, I have always completed the industry analysis using Porters Five Forces and then completed the internal analysis looking at the firm’s resources.

However this does raise the question, if you truly have a competitive advantage do you really have any competitors and if you have differentiated your business based on, say, customer service what is the role of the industry analysis?

]]> By: Michael Porter and the 5 Forces « A Business Professor’s Weblog http://organizationsandmarkets.com/2008/02/05/porters-five-forces-updated/#comment-69434 Michael Porter and the 5 Forces « A Business Professor’s Weblog Wed, 06 Feb 2008 05:52:02 +0000 http://organizationsandmarkets.wordpress.com/?p=1358#comment-69434 [...] 05, 2008 by abusinessprofessor Professor Klein’s blog drew my attention to a new Harvard Business Review article by Michael Porter, who many believe is [...] [...] 05, 2008 by abusinessprofessor Professor Klein’s blog drew my attention to a new Harvard Business Review article by Michael Porter, who many believe is [...]

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