Porter's Five Forces Model

 Hi everyone, I hope you guys are in a good shape especially my friend during this tend of the week of our semester. Today, Haa want share with you guys about Porter's Five Forces Model.

This Model rally related to my assignment project, Bateriku. Let me tell you guys what is Porter's Five Forces Model first. Porter's Five Forces is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths. Five Forces analysis is frequently used to identify an industry's structure to determine corporate strategy. Porter's model can be applied to any segment of the economy to understand the level of competition within the industry and enhance a company's long-term profitability. 

So, from the definition, we know that this model helps industry to identify its weaknesses and strengths. For our assignment project, we noticed Bateriku has its weaknesses in the power of suppliers. This is because, during this monsoon season, a lot of cars use the service of Batteriku in checking their car. Other than that, this model also helps a company be more focused on a specific aspect to improve their business. Lastly, I cannot deny that Understanding Porter's Five Forces and how they apply to an industry, can enable a company to adjust its business strategy to better use its resources to generate higher earnings for its investors.