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Presentation ON: Michael E. Porter

Michael Eugene Porter is a renowned expert in competitive strategy and professor at Harvard Business School. He developed the concept of the five competitive forces that shape industry competition: the threat of new entrants, the bargaining power of suppliers and buyers, the threat of substitute products, and rivalry among existing competitors. Porter has authored over 18 books and 125 articles. He is considered one of the most influential thinkers on business strategy.

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295 views

Presentation ON: Michael E. Porter

Michael Eugene Porter is a renowned expert in competitive strategy and professor at Harvard Business School. He developed the concept of the five competitive forces that shape industry competition: the threat of new entrants, the bargaining power of suppliers and buyers, the threat of substitute products, and rivalry among existing competitors. Porter has authored over 18 books and 125 articles. He is considered one of the most influential thinkers on business strategy.

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PRESENTATION ON

MICHAEL E. PORTER

Michael Eugene Porter

Michael Eugene Porter

SYNOPSIS

INTRODUCTION BIOGRAPHY CONTRIBUTION THE FIVE COMPETITEVE FORCES BOOKS CONCLUSION

He is University Professor at Harvard Business School He is one of the founders of The Monitor Group He is also a Fellow Member of the Strategic Management Society Porter graduated from Princeton University in 1969, where he was an outstanding intercollegiate golfer

He

is management guru. Michael porter born (1947) Michael porter a leading authority on competitive strategy. He is the author of 18 books and over 125 articles

CONTRIBUTION
MANAGEMENT GURUS IN THEIR EDITION OF NOVEMBER 18,2006.MR PORTERS RANKING WAS NUMBER 5 HE IS THE PROFESSOR OF 15 CURRENT UNIVERSITY AT HARVARD GRAHAM AND DODD AWARD OF THE FINANCIAL ANALYSTS FEDRATION,1980

Cntd,..
GEORGE R. TERRY BOOK AWARD OF THE ACADEMY OF MANAGEMENT,1985 INTERNATIONAL ACADEMY OF MANAGEMENT 1985. ACADEMY OF MANAGEMENT,1988

The Five Competative Forces


The threat of new entrants, The bargaining power of customers, The bargaining power of suppliers, The threat of substitute products or services, and The jockeying among current contestants.

New

entrants to an industry bring new capacity, the desire to gain market share, and often substantial resources.

Powerful Suppliers and Buyers

The power of each important supplier or buyer group depends on a number of characteristics of its market situation and on the relative importance of its sales or purchases to the industry compared with its overall business.

Powerful Suppliers and Buyers

A company's choice of suppliers to buy from or buyer groups to sell to should be viewed as a crucial strategic decision. Most common is the situation of a company being able to choose whom it will sell to, in other words, buyer selection.

Substitute Products

Substitute products place a ceiling on prices a competing firm can charge, limiting the potential of an industry. Substitutes not only limit profits in normal times; they also reduce the bonanza an industry can reap in boom times.

Jockeying for Position


Intense rivalry is related to the presence of a number of factors: Competitors are numerous or are roughly equal in size and power.

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