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Management · Q204

Strategic Management

Graduate and Post Graduate · Management · question 204

Q204

The five forces model developed by ________ has been the most commonly used analytical tool for examining competitive environment

A.
Michnal E Porter
Answer
B.
Lewis Charter
C.
Barrywell
D.
Schwiz

Answer: Option A

Solution

Answer: Option A
Solution:
The five forces model developed by Michnal E Porter has been the most commonly used analytical tool for examining competitive environment. This is useful, because, when you understand the forces in your environment or industry that can affect your profitability, you'll be able to adjust your strategy accordingly.