Use Michael Porter's five forces model to analyse the business environment in which your organization operates: Victor Chids

Introduction All organizations have got a set of forces and conditions outside their own boundaries that have the potential to affect the way the organization works. MoreMoney Banking Corporation Limited is no exception to this as it has got forces that it has to operate within. Michael Porter came up with the Five Forces Model commonly known as Porters' Five Forces Model which is used for analyzing an industry by looking at five forces believed …

…forces are, the lower the profitability of the participant banks. It appears that for as long as the existing institutions continue to post excellent results there will be new entrants into the sector hoping for the piece of the pie. However the barriers to entry might become higher. For example the authorities' criteria could become more difficult to meet, while other factors such as skills could become more difficult to obtain and therefore more expensive.