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There are More than Porter's 5 Forces!

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Five Forces (Porter) | Five Forces Analysis

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Wasike
12
Wasike, Kenya

There are More than Porter's 5 Forces!

We also have other forces that operate together with Porters model. For example Government, Society and natural phenomena. These other three factors can be a threat or an opportunity to any business venture:
- Government with its legal policies
- Society with its demands and pressures on organizations, and
- Natural disasters.
Take an example of a slaughter house in dry areas where cows are dying out of draught, a textile company in Nakuru where cotton growing in Kenya collapsed because the government allowed the importation of second hand clothe, talk of a mining company that requires the residents to leave their land for another settlement and yet the residents are feel cheated out of the deal. Therefore, in industry competitiveness, government, society and natural phenomena can not be ignored.

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  Maria Mosha-Mtenga
1
Maria Mosha-Mtenga, South Africa
 

Additional Factors in Porter's Five Forces

Remember that all these models (porter's models; pestel etc) are academic and are purely a guideline for the business world to interpret/use in their practical world. There are other factors that should be taken into account (government, society pressure... etc) and you will find that all of these factors are integrated.

  Martyn Richard Jones
0
Martyn Richard Jones
 

There are More Forces Than the Original 5

According to most references, the sixth force is government or the public. Martyn Richard Jones, whilst consulting at Groupe Bull, developed an augmented 5 forces model in Scotland in 1993. It is based on Porter's model and includes Government (national and regional) as well as Pressure Groups as the notional 6th force. This model was the result of work carried out as part of Groupe Bull's Knowledge Asset Management Organisation initiative.
Source: Wikipedia.

 

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More on Five Forces (Porter) | Five Forces Analysis
Summary Discussion Topics
topic Assumptions of the Five Forces Model. Limitations
topic 5 Forces in Emerging Industries
topic Government as 6th Force in Porter's Five Forces
topic Industry Analysis model
topic MEDIA as the 7th Force in Porter's Five Forces
topic Strengths of Porter's Five Forces Model
topic Substitutes and the Five Forces Model
topic How does Information Technology alter Porter's 5 Forces
topic Business Networking: Forces are Getting Connected
topic Evolution in our Expectations of Business and Porter's 5 Forces Model
topic Bargaining Power of Buyers. Examples
topic How to Deal with Competitors in Five Forces Analysis?
topic Measuring / Calculating the Five Forces of Porter?
👀There are More than Porter's 5 Forces!
topic Why Porter's Monitor Consulting Company Failed
topic Does Competition Increase the Need for Segmentation?
topic The New Industrial Economics School
🔥 Porter's 5 Forces Framework in Non-competitive Situations?
Special Interest Group
Knowledge Center

Five Forces (Porter) | Five Forces Analysis



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