using the porters's 5 forces answer these questions based off Buffalo Wild Wings. Barriers to Entry Describe the primary conditions that prevent (or allow) competition to enter into the organizations space or market. Examples may include: Branding Customer loyalty Economies of scale Cost advantages Regulations Rivalry of Existing Firms Describe the dynamic of the organizations competition. Consider the following questions: Is the rivalry intense or weak? Does the rivalry erode revenues and/or profitability? What level of efforts does the firm engage in managing rivalries? Is the industry in growth or decline? Are there exit barriers? Bargaining Power of Buyers/Sellers As you consider the primary customer of the firm, describe the power dynamic between the firm and the customer. If the customer is in the position of power, discuss the Bargaining Power of the Buyer. If the firm is in the position of power, discuss the Bargaining Power of the Seller. Consider the following: Switching costs Dependency of the buyer on the seller (or vice versa) Competitive advantage (uniqueness) of value proposition (or lack thereof) Ability to vertically integrate (forward or backwards) How important is the product/relationship? Is the customer primary/secondary? Elastic/Inelastic to the customer? Threat of Substitutes Describe the degree to which others could substitute the organizations offering. A substitute addresses a customers need, but in a different way (small or radical). In laymans terms, consider a potential substitute to be anything that could divert revenues from the firm