Analyzing the Competitive Environment

The Five Forces Framework

In order to analyze an industry's competitive environment, Michael Porter developed the five

forces framework. Five forces include the threat of new entrants, suppliers' bargaining

power, buyer's bargaining power, substitute products, and intense competition. Walmart,

one of the largest retail companies in the world, can be analyzed using this specific

framework.

$4\mathrm{.}1.$ Diagnosing the Competitive Condition

What does it mean to diagnose the competitive condition? I bet I know where you can find this

information! You guessed it$,$ the Unit $3$ & $4($M$2)$ resources in the reading resources, they can

be very helpful. Use them, along with library resources to leam about the Five Forces

Framework, and as research resources to inform your writing. Be concise, but thorough in your

explanation.

Here, you want to explain how to use the five forces framework to analyze and diagnose the

competitive conditions in the industry of your chosen organization. This is a concise

explanation, but it is an important one. This will show the C$-$Level executives that you know the

importance and value of results derived from conducting an analysis using the Five Forces

Framework. You're the expert here.

$4\mathrm{.}2.$ Five Forces Analysis

Here, you are actuglly ponducting an analysis using the five forces framework to diagnose

the competitive conditions in the industry of your chosen organization, to include the

following. In this section, explain how to conduct a Five Forces Framework analysis.