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Umesh Y

Stealth • 8m

Unfortunately, in the real world, no business exists in a vacuum. Even if you corner the market with your groundbreaking innovation, imitators will be close behind. But merely having competitors doesn’t make a thing awful. By finding your unique advantages over your competitors, you may utilize them to win loyal customers. That is what Porter’s Five Forces model facilitates. This article will explore Porter’s Five Forces with the Use of the model today. #StartUpBasics

https://oem.news/business/startup-basics/porters-five-forces-a-framework-for-analyzing-market-competition/

2 replies4 likes

Replies (2)

Anonymous 2

Stealth • 8m

Competitors make you do better. Important part of business and life.

0 replies1 like

Anonymous 1

Stealth • 8m

Competition validates the market and is always good to have in a market.

0 replies1 like

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