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Management Research: Strategic Management - 5 Forces: Threat of Substitutes
Manage episode 417780546 series 3358689
Content provided by Yevgen Bogodistov. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yevgen Bogodistov or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Welcome, dear listeners!
Today, we are talking about the #5forces framework by #porter. One of the forces that shape the market and should influence your success is the #threatofsubstitutes. #substitutes are the #products (or #services) that are different in nature but may offer you a similar result. Think of butter vs margarine - different in nature (made of milk vs sunflower oil) but both may be used for breakfast. Moreover, the conditions of usage have an impact on the #propensitytosubsitute: while margarine for breakfast is seldom preferred, margarine for backing easily substitutes butter and only a few can taste the difference.
Enjoy this #episode, #subscribe, #comment, and #share - it does matter!
Best
Eugene (Yevgen)
100 episodes
Share
Manage episode 417780546 series 3358689
Content provided by Yevgen Bogodistov. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yevgen Bogodistov or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Welcome, dear listeners!
Today, we are talking about the #5forces framework by #porter. One of the forces that shape the market and should influence your success is the #threatofsubstitutes. #substitutes are the #products (or #services) that are different in nature but may offer you a similar result. Think of butter vs margarine - different in nature (made of milk vs sunflower oil) but both may be used for breakfast. Moreover, the conditions of usage have an impact on the #propensitytosubsitute: while margarine for breakfast is seldom preferred, margarine for backing easily substitutes butter and only a few can taste the difference.
Enjoy this #episode, #subscribe, #comment, and #share - it does matter!
Best
Eugene (Yevgen)
100 episodes
All episodes
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continue reading
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continue reading
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