How industries develop and change in industry life cycles

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Reference no: EM132969398

1. Use Porter's Five Forces Framework to analyse industries or sectors: rivalry, threat of entrants, substitute threats, customer's power and supplier power.

2. On the basis of the five competitive forces and complementors and network effects, define industry attractiveness and identify ways of managing these.

3. Understand different industry types and how industries develop and change in industry life cycles.

4. Analyse strategic and competitor positions in terms of strategic groups, market segments and the strategy canvas.

5. Altogether, these various concepts and techniques will help you recognise threats and opportunities in the industry and marketplace.

Reference no: EM132969398

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