The Five Competitive Forces that Shape Strategy

In this article Michael E. Porter discusses the five forces that strategist should take into consideration: power of suppliers, power of buyers, the threat of substitutes and rivalry among existing competitors.  While going into detail about all five forces the author describes the complexities of each force and reveals components that may be overlooked by the everyday strategist.  If a strategist takes into consideration the five forces, they have the ability to be successful in any situation they confront.