Which of the following statements is a drawback of Porter's 5-forces model?
A) It cannot be used to evaluate the structural components of an industry.
B) This tool is particularly not useful in helping managers decide where to focus.
C) Evaluating the attractiveness of industries and developing business-level strategy is seldom possible.
D) The 5-forces model typically looks at an industry at one point in time.

Question

Quizplus · Accepted Answer

The 5-forces model only looks at an industry at one point in time and does not take into consideration the dynamic nature of industries. It also assumes a static view of the industry and does not factor in changes in technology or other external factors that can significantly impact the industry's competitiveness.

Which of the Following Statements Is a Drawback of Porter's