The Five Strategic Market Forces
Illustrated with images taken around Québec-City, Québec, Canada
2005-Mar-19
© 2005 Yuval Levy, All Rights Reserved.
My first idea for this assignment was to shoot the interior of a Wal*Mart store. I strongly felt that no collection of markets could be complete without the world largest retailer and one of the most powerful market forces out there. Unfortunately this was not possible.
So I decided to use this virtual room for an interpretation of the five strategic market forces, a framework by Harvard Business School professor Michael Porter used to analyze and understand businesses and the markets they operate in. These forces are universal and apply to businesses of any size and in any market.
The five competitive forces are:
- Barriers to entry
- Barriers to exit
- Bargaining power of suppliers
- Bargaining power of buyers
- Threat of substitution
On top of these natural forces, this article will argue that although markets are one of the most efficient decision making mechanisms, a competition watchdog is necessary to ensure proper market functioning.
Read an application of this analysis to Wal*Mart.
- handheld Canon 350D with different lenses
- PanoTools 2.7.0.9
- PanoCube Plus
- PanoLink
- ...and a little help from a friend (thank you Andrew!)
Tap or click the zoom icon in the bottom right corner of the picture to switch between in-page and fullscreen view