The Relevance of Porter's Five Forces in Today's Innovative and Changing Business Environment

Bruijl, Gerard H. Th.

doi:10.2139/ssrn.3192207

Cited by 45 publications

(58 citation statements)

References 19 publications

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“…This model is generally used as a tool to interpret and evaluate the industry where the company is in, as well as the competitive aspect of the company itself [10]. The porter's five forces model is set up on the viewpoint that a company's strategies should engage with the opportunities and threats in the external environment [11]. According to Porter on Harvard Business Review, understanding the industry framework is fundamental to effective strategic positioning [12].…”

Section: Porter's Five Forcesmentioning

confidence: 99%

Key Success Factors' Identification of Farm Tourism: A Case from Indonesia

2021

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The setting of this study is an orchard that has turned into thriving farm tourism. The company continues to develop itself in line with the high demand for horticultural products and tourism to excel in doing business. This research aims to identify the key success factors of a tourism farm company. Having useful information enables a company to understand its competitive advantages and powerful resources. Therefore, they can outperform the competition and prevent competitive losses. This study employs an exploratory qualitative approach. Data collection was using observation, interviews, and data generated from the company. This research is using three analytical techniques. First, the external environment analysis consisted of Political, Economic, Socio-Cultural, Technological, and Environmental analysis (PESTEL) and Porter's Five Forces Analysis (PFFA). Second, the internal environment analysis encompassed Value Chain analysis, STP analysis, and Marketing Mix analysis. Then, SWOT analysis to determine alternative strategies generated from the external and internal environment analysis. Results revealed that the key success factors of tourism farm company included human resources and natural resources. In this case, the company's service characteristic is inseparable. Lastly, the company must find solutions to overcome their weaknesses, such as the lack of technology and social media use.

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Section: Porter's Five Forcesmentioning

confidence: 99%

Key Success Factors' Identification of Farm Tourism: A Case from Indonesia

2021

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“…Furthermore, the Porter's model favours corporations that produce and distribute through scale, undifferentiated products and services, in which each additional product (e.g. electron) (Bruijl, 2018). • Fourth, the core framework is not specifically designed for "innovation" and "change".…”

Section: The Five Forces Model: a Critical Reviewmentioning

confidence: 99%

The Model of the Five Competitive Forces on Portuguese Electricity Market

Raimundo¹,

Domingues²

2021

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In Portugal, the energy sector apparently shows lack of efficiency as the amount of energy used to generate a unit of GDP, also called energy intensity of the economy (TPES/GDP), an indicator of energy efficiency, which decreased in Portugal in a couple of decades less than in the EU 27 overall. The TPES/GDP indicator stills high in most Portuguese economic sectors in comparison with the EU27 average. To determine the reasons of such lack of energetic efficiency this work aims to analyze the Portuguese electricity market based on the model of the five competitive forces of Michael Porter that was chosen due to the idiosyncrasies of electricity sector, of strategies highly anchored on its external competitive setting and of little innovation around a non-differentiated electricity product of extended life cycle. Firstly, the theoretical aspects of the model are explained; secondly, it is made a critical review, including the reasons for choosing it; thirdly, the model is applied to the electricity market in Portugal and finally the main findings are revealed. The main methodology used is literature review of secondary sources and data. Authors mainly relied on sources of high-quality material. The input data has been collected from national institutes and from the information offered by the main players on their web sites. These sources are certified, and the input information is supported by their credibility and by the supervision departments. Portugal, due to the Country dimension and the barriers, the players are still few, and the electricity market is concentrated. The competition is high among 3 -4 major players; the barriers are high; the electricity of traditional national suppliers is high although mitigated by the entry of other European Union distributors; the bargaining power of consumers is low and the substitutes are inexistent. Moreover, the equipment in consumption is aggregated to electricity, which is not easy to change. As electricity cannot be differentiated, energy distribution companies need to set strategies to engage consumers. The present paper reflects and analyses on these assumptions and concludes that to augment energetic efficiency, companies in energy markets

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“…Porter (1995) defined competitive pressure as the extent to which companies exert pressure on one another. Porter (1998) reported that, by using five strength models that influence industrial competition, an organization's survival effort under competitive pressure within an industry increase (Bruijl, 2018). These strengths to the scholar are the new entrants, the substitutes, the ability to negotiate with manufacturers, the ability to attract consumers, and the ability to compete with competitors in the market.…”

Section: Competitive Pressurementioning

confidence: 99%

Impact of Advancement of Technology, Competitive Pressure, User Expectation on Continuous Digital Disruption: Mediating Role of Perceive Ease of Use

Addison¹

2021

OJBM

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The purpose of this research was to determine the impact of advancement of technology, competitive pressure, and user expectation on continues digital disruption using perceive ease of use role as a mediator. This study proposed a conceptual framework to investigating the significant factors of the various variables through critical evaluation of associated theoretical models, literature studies, and empirical tests. The proposed conceptual framework examined 292 final samples from targeted populations aged 18 years or older, working with digital technologies in Kuala Lumpur, Malaysia, using a positivism research philosophy and explanatory research design. The Survey questionnaires collected were extensively tested for reliability and validity. Empirical data were analyzed using "Exploratory Factor Analysis" (EFA), "Confirmatory Factor Analysis" (CFA), and "Structural Equation Modeling" (SEM) via AMOS 22 software. Research findings indicate that advancement of technology has an insignificant negative impact on continuous digital disruption. User expectation has a positive, negligible effect on digital disruption. However, competitive pressure showed a negative impact on continuous digital disruption. The role of perceived ease of use as a mediator on continuous digital disruption indicated a positively negligible impact. Perceived ease of use role as a mediator on competitive pressure and user expectations showed a positive marginal effect. Lastly, perceived ease of use as a mediator for advancement of technology was negatively insignificant. In conclusion, all the hypotheses proposed were rejected based on these findings, except for hypothesis (H2). The main contribution of this paper was to determine the actual factors contributing to the unceasing digital disruption in organizations and institutions and also identify the correlation between advancement of tech-How to cite this paper: Addison, S. (2021).

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The Relevance of Porter's Five Forces in Today's Innovative and Changing Business Environment

Cited by 45 publications

References 19 publications

Key Success Factors' Identification of Farm Tourism: A Case from Indonesia

Key Success Factors' Identification of Farm Tourism: A Case from Indonesia

The Model of the Five Competitive Forces on Portuguese Electricity Market

Impact of Advancement of Technology, Competitive Pressure, User Expectation on Continuous Digital Disruption: Mediating Role of Perceive Ease of Use

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