Porter's Five Industry Forces do not really apply on the Internet;they are better applied to traditional operations.

Question

Quizplus · Accepted Answer

While it is true that the Internet has disrupted traditional industries and business models, Porter's Five Industry Forces framework can still be applied to analyze and understand the competitive dynamics of online businesses. The framework may need to be adapted to account for factors unique to the digital landscape, but the underlying principles of analyzing threats of new entrants, bargaining power of suppliers and buyers, and competitive rivalry still hold relevant for online businesses.

Porter's Five Industry Forces Do Not Really Apply on the Internet;they