Understanding and Applications of Porter's 4 Corners, 5 Forces, and 6 Forces

Topics Covered in Course
- What is Porter’s Four Corners
- What are its strengths and weaknesses
- Leveraging business-drivers in the analysis
- What are its criticisms
- How organizations leverage it for competitive intelligence and strategy
- What is Porter’s Five Forces
- What are its strengths and weaknesses
- Understanding the threats of new competitors
- Impacts of substitute products to your solutions
- Leveraging bargaining power for your solutions
- What are its criticisms
- How organizations leverage it for competitive intelligence and strategy
- What is Porter’s Six Forces
- Why its different than the others
Templates Included
- Porter’s Four Corners Diagram
- Porter’s Five Forces Diagram
- Porter’s Five Forces Diagram Example
- Porter’s Six Forces Diagram
Detailed Course Description
This online course will describe Porter’s Four Corners, Five Forces, and Six Forces predictive analysis models that organizations apply to internal situations to determine realistic competitor reactions. Each of the three models will be explained along with their strengths, weaknesses, criticisms, and situational uses.
Depending on your organization and what situational circumstances you want to address, this course will address the impact of which predictive analysis model to apply to obtain the best results. Porter’s predictive analysis models will be explained and applied to real-world scenarios and provide you the techniques and templates used to apply to your own business situations.
This course is SCIP Endorsed and part of SCIP On Demand Certification
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