The Five Forces analysis is a framework for marketing strategy that clarifies the situation and revenue structure of competitors and the entire industry, and analyzes how easily your company can make a profit within that context.
In any field, understanding the current state of the market is essential to running a successful business.
By analyzing competitors and the entire industry, you armenia telegram data can understand your company's advantages and position , which is useful when verifying the profitability of new entrants , launching new businesses, and developing new products.
However, many people probably have a hard time imagining how to proceed with the analysis, or for what purposes it should be used.
So, in this article, I would like to introduce you to the following : We explain its purpose, five competitive factors, and how to do it!