Question: In the developed by Michael Porter, competition is not defined narrowly as a firm's closest competitors but rather more broadly to include other factors in

In the developed by Michael Porter, competition is not defined narrowly as a firm's closest competitors but rather more broadly to include other factors in an industry like buyers, suppliers, potential new entry of other firms, and the threat of substitutes.

Value chain analysis

PESTEL framework

Five force model

VRIO framework

In the developed by Michael Porter, competition is not defined narrowly

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