Technology plays the most significant role in shaping and reshaping Porter's five forces.

Question

Quizplus · Accepted Answer

Technology has a significant impact on all five forces in Porter's model. For example, advancements in technology can affect the bargaining power of suppliers by enabling more efficient production processes or allowing companies to source materials from new suppliers. Technology can also impact the threat of new entrants by lowering barriers to entry and enabling startups to compete with established companies more easily. Overall, technology is a key driver of change in the business environment and plays a central role in shaping the competitive landscape.

Technology Plays the Most Significant Role in Shaping and Reshaping