It is a tool applied on the main value creating aspects of a firm and not limited to a single department within a firm such as marketing and not even R&D.ĭespite its relevance for technology industries, examples often come from traditional industries - a gap that this article will help to close. Porter’s Five Forces is a strategy tool that can help assessing the impacts of company internal decisions within the external industry context. This concept remains equally relevant for traditional firms as well as technology firms. Porter's Five Forces is an important strategy concepts that helps to explain competitive forces within an industry and how profits are shared among the various the various participants of it including suppliers, competitors, buyers/customers and substitute products/services.
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