Does anyone have any advice on practising applying Porters' 5 forces for a case study exercise? I've been trying to integrate it when reading the news as I normally would but was just curious other creative ways people have practised it. Thanks
))
Not necessarily the answer you’re looking for - but in my experience I don’t think you need to worry too much about its incorporation, but rather just understanding the high level concepts behind it.
The 5 forces are great for your business acumen and for analysing the straightforward commercial concepts of a case study, but I did not have an experience that required anything further than this.
In my experience with case studies, I always think about the ‘whys’ - e.g. why is this deal happening? Why this target? Why now? Why in this way? Etc.
Porters 5 forces are also great for teasing out these questions, and thinking about the answers. I would recommend using it to nail the basics - don’t try and complicate things, you will get caught out!
Always better to do the small things perfectly, than try to impress with the big things.
Just my experience though. Hope it helps.