The web has changed the nature of competition but has not changed Porter's five fundamental forces.

Question

Quizplus · Accepted Answer

While the web has significantly altered how businesses operate and compete, it has not changed the essence of Porter's five forces model (competitive rivalry, threat of new entrants, threat of substitute products or services, bargaining power of buyers, and bargaining power of suppliers), which still underpins the understanding of competitive strategy.

The Web Has Changed the Nature of Competition but Has