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One on the most popular strategy frameworks is Porter’s Five Forces. Developed by Professor Michael Porter, he highlights five competitive forces that shape an industry: 1. Threat of New Entrants: New competitors can disrupt existing market dynamics. Understanding barriers to entry and potential new players is crucial for maintaining market share. Example would be the threat of Airbnb to hotels. 2. Bargaining Power of Suppliers: Suppliers with strong power can influence prices and terms. Evaluat
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