Porters Five Forces Analysis Template
This Porters Five Forces Analysis template enables you to record the relevant details of how the five forces of your competitive business environment relates to your organization. You will use this analysis tool to assess how external pressures affect a range of products or services, rather than individual ones.
Porter's five forces analysis is a commonly used tool to assess the business environment and to help make decisions. There are a seemingly endless number of variables that play into any business decision, and using the five forces can help to distill them down and focus your thinking. If you have a good understanding of how Porter's forces contribute to the growth plans you have for your business, you can potentially avoid mistakes and take a clearer path to success.
The amount of influence that each of the five forces has over your business depends of the type of business you are in, your location, and several other factors. When reviewing the five forces below, keep in mind your own situation and how each might affect decisions you make on a daily basis.
Advantages and Disadvantages of Porter's Five Forces Analysis:
Porter's five forces are a great way to assess if, and when, your company is ripe to grow. If the majority of the factors in this analysis look favorable for your market, there is no reason to think that you can't grow the business. However, if the analysis looks negative on your future outlook, you might want to carefully consider if your industry or niche is right for further investment. By taking Porter's forces under careful consideration, you can avoid pushing too hard into a losing market, and strike when the time is right in an area of business that is poised for profitability.
