Michael Porter

Who is the innovator that we talked about today?

• Michael Jordan

• Michael Jackson

• Michael Scott

• Michael Porter

How many Forces were there?

• The Four Forces

• The Five Forces

• The Six Forces

• The Fifty Forces

When was Michael Porter Born?

• 1830's

• 1950's

• 1940's

• 1930's

What was the example we used to showcase the Bargaining Power of Buyers?

• Airline Industry

• Fast Food

• Mechanics

• Amazon

What is the main point of The Five Forces Framework?

• It is a method to determine the most productive way to accomplish a given task.

• It is a method to analyze how profitable a product will be.

• It is a method of analyzing the operating environment of a competition of a business.​

• It is a method to learn how to study.

Who was one of the economist's that inspired Michael Porter?

• Chicken Alfredo

• Alfred Maslow

• Alfred Marshall

• Henry Ford

Is Porter's Five Forces effective today?

• Yes

• No

What are the main point's of Porter's Theory of Competitive Advantage?

• Have a premium price,

  Operate at a lower cost

• Operate at a higher cost, Have a lower price

• Operate at a higher cost, Have a premium price

• Have a lower price, Operate at a lower cost

Can you have a Premium price while also having a lower operating cost?

• No

• Rarely

• Yes

Where did Michael Porter go to school at?

• Yale

• Harvard

• Princesston

• Anderson University