The idea with Porter's 5 Forces is to
A)quantify the 5 forces, to ideally produce a mathematical model of the industry.
B)identify which forces are relatively more powerful, and to assess their impact on competition and industry profitability.
C)work out how management can eliminate these forces.
D)use it to construct a plan to achieve monopoly power.

Question

Quizplus · Accepted Answer

The main purpose of Porter's 5 Forces is to identify which forces are relatively more powerful and to assess their impact on competition and industry profitability. The goal is not to quantify the forces mathematically or eliminate them, nor is it to achieve monopoly power.

The Idea with Porter's 5 Forces Is to