The following are the limitations of michael porters five


The following are the limitations of Michael Porter's five forces model. Please elaborate on each one:

1) 'Five star' industries are rare in the real world

2) The model fails to account for the impact that radical change and innovation can have on an industry

 

3) Lack of accounting for firm-specific characteristics and actions

Request for Solution File

Ask an Expert for Answer!!
Operation Management: The following are the limitations of michael porters five
Reference No:- TGS01199776

Expected delivery within 24 Hours