The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market is
A)the five forces framework.
B)PESTEL.
C)the driving forces model.
D)strategic group mapping.
E)SWOT analysis.

Question

Quizplus · Accepted Answer

The five forces framework is the most powerful and widely used conceptual tool for assessing competitive pressures in a market. It helps in identifying the attractiveness of the market and the level of competition. PESTEL focuses on external macro-environmental forces, driving forces model identifies the major forces driving change in an industry, strategic group mapping is used to identify the groups of firms that have similar strategies, and SWOT analysis is used to assess an organization's internal strengths and weaknesses, and external opportunities and threats.

The Most Powerful and Widely Used Conceptual Tool for Diagnosing