Strategic planning tools that can serve as alternatives to SWOT analysis include SOAR, NOISE, TOWS, PESTLE analysis and Porter’s Five Forces.
porter's five forces
Everything you need to know about using PESTLE analysis for risk management purposes, its benefits and other business analysis tools for uncovering risks.
Competitive advantage is available everywhere. Using analysis helps direct your attention and find which advantages you can exploit for success.
Read this example of Porter’s Five Forces Analysis based on the 5 crucial factors, the so-called “forces”, of British banking company, Barclays.
Putting Porter’s Five Forces Analysis in action, with the subject of choice being Bosch, one of the primary brands of BSH Home Appliances.
The Five Forces analysis of the fashion industry shows that while there are few threats, it is not good that the market is effectively nearing saturation.
Here, you will read about Porter’s five forces analysis in details. I have also compared the analysis with SWOT analysis to aid clearer understanding.