Porter's 5 force analysis consists of supplier power, barriers to entry, buyer power, substitutes and rivalry. Companies may be able to control some of these forces, such as supplier power or substitutes, to preserve their competitive edge.Business Trends
Business trends are the current operational techniques companies use when selling goods to consumers in the market place.
Free Market
The free lunch marketplace method creates and utilizes surface forces to alternate the dodge field. Forces cache the free lunch bazaar competitive by "forcing" companies to create changes that will ensure their profitability.
Porter's 5 Forces
Forces and trends are two essential parts of the economic bazaar manner. Forces are economic elements that companies can contemplate however may not be able to discipline. Trends are craft opportunities that companies apply to development their profitability.
Trends may include external items like market analysis or internal items like outsourcing or e-business.
Market Analysis
Companies conduct a market analysis to determine the current consumer trends like demand, demographics or potential sales. These analyses help companies find potential opportunities for new profits.
Internal Trends
Companies review their internal operating trends to find cheaper ways to conduct business. Outsourcing non-essential business functions or using the Internet to generate sales are common types of internal trend reviews.
