Michael Porter

What is Porter's first name?

• Richard

• Michael

• John

• Simon

What are the 2 elements in Porter's forces?

• Rivalry Among Existing Competitors

• Bargaining Power of Buyers

• Industry Operating Profit Margin

• Bargaining Power of Employees

In Porter's Five Forces, the 'threat of new entrants' relates to:

• Substitutes

• Switching costs

• Buyer power

• Barriers to entry

Michael Porter famous theory:

• Diamond Model

• Three Generic Strategies

• Value Chain Analysis

• Porter's Five Forces

What is the main purpose of Porter's Five Forces framework?

• To analyze the competitive intensity of an industry

• To determine the profitability of a specific company

• To evaluate the marketing strategies of a business

• To predict future technological advancements

          How many attributes does Porter's Diamond Model consist of?

• 1

• 4

• 3

• 2

What is the main focus of Porter's Diamond Model?

• Competitive rivalry

• Factor conditions

• Supplier power

• Threat of substitutes

Which aspect of Porter's Diamond Model deals with demand conditions?

• Factor conditions

• Related and supporting industries

• Firm strategy, structure, and rivalry

• Demand conditions

What are the benefits of diamond model?

• Enhances Competitiveness

• Guide Business Strategies

• Risk Mitigation

• Good Competitor Analysis

The Criticism on Porter Five Forces

• Neglect of Institutional Factors

• Simplistics Approach

• Oversimplification

• Globalization