Strategic Management (Fach) / Ten schools of thought about strategy making (Lektion)

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Vorderseite Porter's five forces: Competitive threat depends on:
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Suppliers:

  1. Number of suppliers
  2. Strategic relevance of items
  3. Standardization of Product
  4. Switching costs
  5. Substitutes

Buyers:

  1. Number and Size of Buyers/Customers
  2. Degree of product standardization
  3. Switching costs
  4. Transparency of markets
  5. Threat of backward integration

Substitute Products:

  1. Availability
  2. Pricing
  3. Performance features (comparable or better)
  4. Customer switching costs

Potential New Entrants:

  1. Entry barriers
  2. Reactions of Incumbents

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