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The first of Porters Five Forces model is the

The first of Porters Five Forces model is the Correct Answer Threats of new entrants

The first of Porters Five Forces model is the threats of new entrants. Threat of new entrants refers to the threat new competitors pose to existing competitors in an industry. Therefore, a profitable industry will attract more competitors looking to achieve profits.

Related Questions

The Weberian model of bureaucracy has been criticised from a variety of stand points.
Consider the following points in this regard:
1. The Weberian model appears to be a 'machine theory' and a closed system model taking little account of organisational interactions with the environment.
2. The structural features of bureaucracy as laid down by Weber might be suitable for routine and repetitive tasks but these would produce dysfunctional consequences in terms of human behaviour if the jobs would involve innovation and creativity.
3. Weberian model has not been found to respond adequately to the tasks of socioeconomic transformation in the developing countries. These tasks require quick changes whereas the capacity of the Weberian model for adaptation to change is rather slow.
4. Weber's model is confined to the study of formal bureaucratic structure and fails to take notice of the informal structure of bureauracy such as informal relations, informal norms and values, an informal power hierarchy and informal power struggles.
Which of the above points make a valid criticism of the Weberian model? Select the correct answer from below:
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An attribute that doesn't contribute to Porters Diamond model is
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