Which of the following statements is a drawback of Porter's 5-Forces Model?
A) It cannot be used to evaluate the structural components of an industry.
B) This tool is particularly not useful in helping managers decide where to focus.
C) Evaluating the attractiveness of industries and developing business-level strategy is seldom possible.
D) The 5-Forces Model typically looks at an industry at one point in time.

Question

Quizplus · Accepted Answer

The 5-Forces Model typically looks at an industry at one point in time, which means changes in the industry or market dynamics may not be taken into account.

Which of the Following Statements Is a Drawback of Porter's