25 lines
963 B
Markdown
25 lines
963 B
Markdown
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# Specific Environment
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### Competetivness in a Sector
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- Potential Competetiros
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- Customers
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# Porters five competetive Forces
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Porters five forces are used to analyse the strengths and weaknesses of a company within an industry. With this a business can better decide where to positin itself within a market.
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## 1. Power of potential Competitors
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Number of competitors in a specific sector and their ability to undercut a company.
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## 2. Potential new competitors
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How easy is it for new competitors to enter the market?
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## 3. Power of suppliers
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More powerfull suppliers demand more money for their values driving up the cost of input material.
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## 4. Power of Customers
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How powerfull the customers are affects how much the company can demand for their products or services.
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## 5. Threat of substitute products
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How unique are the products/services that a company produces, if they can easily be replaces by a similar product it does not have much power there.
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