Blog 12: Understand the industry landscape (porters five forces)

A summary of what we did to understand the industry's landscape:

Source: https://en.wikipedia.org/wiki/Porter%27s_five_forces_analysis

1. Threat of new entrants

   1. In this section, you describe the threat of new entrants

   2. Be as detailed as possible. Is the threat of new entrants?

      1. very high

      2. high

      3. moderate

      4. low

      5. very low

2. Supplier power

   1. In this section, you describe the power of suppliers

   2. Be as detailed as possible. Is the power of suppliers?

      1. very high

      2. high

      3. moderate

      4. low

      5. very low

3. Buyer power

   1. In this section, you describe the power of buyers

   2. Be as detailed as possible. Is the power of buyers?

      1. very high

      2. high

      3. moderate

      4. low

      5. very low

4. Threat of substitution

   1. In this section, you describe the threat of substitution

   2. Be as detailed as possible. Is the threat of substitution?

      1. very high

      2. high

      3. moderate

      4. low

      5. very low

5. Competition (Industry rivalry)

   1. In this section, you describe the prevalence of competition

   2. Be as detailed as possible. Is the competition rivalry?

      1. very high

      2. high

      3. moderate

      4. low

      5. very low

Jump to blog 100 to refer to the overall product management mind map.

All the best! 😊