Question: The five forces framework, developed by Michael Porter, is a widely used tool in the field of strategic management. It provides a structured approach to

The five forces framework, developed by Michael Porter, is a widely used tool in the field of strategic management. It provides a structured approach to analyzing the competitive environment of an industry or a business. The five forces are:

Threat of new entrants

Bargaining power of suppliers

Bargaining power of buyers

Threat of substitute products or services

Rivalry among existing competitors

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