Reflective piece on usefulness of Porter's Five Forces model.

In the first seminar of the term, I was observing how Porter's 5 Forces model (5F) can be used to analyse the strategic business dynamics of the European Forestry/Paper sector in the post 2004 European Union. 5F is an analytical framework, which allows competitive dynamics to be systematically appraised in assessing existing and future profitability of markets/industries by analyzing the influence of particular characteristics of each of the five forces(2). Diagram below illustrates the forces …

…E., (1998), Competitive Advantage: creating and sustaining superior performance: with a new introduction, New York, London: Free Press *Wilson D.C., Jarzabkowski P., (2004), Thinking and acting strategically: New challenges for interrogating strategy, European Management Review (2004) 1, 14-20; [available from: http://www.palgrave-journals.com/cgi-taf/DynaPage.taf?file=/emr/journal/v1/n1/full/1500008a.html&filetype=pdf (accessed 25 February 2005)] *http://www.quickmba.com/strategy/porter.shtml (accessed 25 February 2005) *(3,5)http://www.quickmba.com/strategy/core-competencies (accessed 27 February 2005)