What are the 5 forces of strategic analysis?

Analysis of the Five Forces

These forces were developed by Michael Porter, and they provide a framework for analyzing the competitive environment of an industry. The five forces consist of:

• Threat of New Entrants: The potential for new competitors to enter the market and disrupt existing businesses.
• Bargaining Power of Suppliers: The ability of suppliers to influence the price and availability of goods or services.
• Bargaining Power of Buyers: The strength of customers to affect pricing and quality of the products or services.
• Threat of Substitute Products or Services: The likelihood that customers may choose alternative solutions.
• Industry Rivalry: The intensity of competition among existing firms within the industry.