What are the 5 forces of Porter?

Porter’s 5 Forces is a model used for evaluating the competitive landscape of a business. It consists of: 1) Perfect Competition, characterised by numerous firms providing identical products or services. 2) Oligopoly, featuring a small number of sellers with slightly varied offerings that maintain control over the market.

3) Monopolistic Competition, where many companies market products or services that are distinct yet closely related. 4) Monopoly, which is defined by a sole seller with a unique product or service. 5) Perfect Market, representing a theoretical state of market balance.

These forces assist in strategic decision-making for businesses. Porter’s Analysis is merely one of the various business analysis techniques employed by analysts.