Management Research: Strategic Management

What this episode covers

Welcome, dear listeners! Today, we are talking about the #5forces framework by #porter. One of the forces that shape the market and should influence your success is the #threatofsubstitutes. #substitutes are the #products (or #services) that are different in nature but may offer you a similar result. Think of butter vs margarine - different in nature (made of milk vs sunflower oil) but both may be used for breakfast. Moreover, the conditions of usage have an impact on the #propensitytosubsitute: while margarine for breakfast is seldom preferred, margarine for backing easily substitutes butter and only a few can taste the difference. Enjoy this #episode, #subscribe, #comment, and #share - it does matter! Best Eugene (Yevgen)

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How long is this episode of Management Research?

This episode is 10 minutes long.

When was this Management Research episode published?

This episode was published on May 12, 2024.

What is this episode about?

Welcome, dear listeners! Today, we are talking about the #5forces framework by #porter. One of the forces that shape the market and should influence your success is the #threatofsubstitutes. #substitutes are the #products (or #services) that are...

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