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Porter's 5 Competitive Forces Analysis Explained

Porter's 5 forces analysis is a marketing and strategy analysis tool that allows for the better understanding of an industry or market. You look at the threat of new entrants into a market, the bargaining power of suppliers, the threat of substitute products, the bargaining power of buyers, and the intensity of rivalry. This can be very helpful to better understand your industry. Copyright Mark Wolters 2019 #marketing #5forces #principlesofmarketing YouTube Advice Playlist:    • YouTube Tips & Advice   Marketing Training Playlist:    • Marketing Videos   I hope that these marketing & business videos can help you learn more about business and help you succeed in class or in the business world. And yes, this is the same Mark Wolters from the YouTube travel channel Wolters World. Find More Marketing Videos & Course Information at http://www.woltersworld.com/courses or on our future site http://www.professorwolters.com Follow us on Facebook:   / professorwolters   Subscribe to Our Other YouTube Chanel "Wolters World Travel & Culture"    / woltersworld