week 6 reading reflection

This weeks reading reflection was over Porters five forces that shape the competitive strategy. This article was a very good read in my opinion and had some interesting aspects to the article that is going to help me navigate through the course. The five strategies that were introduced in the article were threat of new entrants, threat of substitute products or services, bargaining power of customers, bargaining power of suppliers and intensity of competitive rivalry. The biggest surprise to me was the actual information that was throughout the whole article. The explanations that went into each force was very helpful. The biggest force to me was the threat of new entrances because it prevents business's from making the most profit possible. The only way that business's can get around this is becoming an incumbent which means becoming the largest company in a certain business. If i had to ask two questions they would be what is the most important force in your eyes and what force is the most detrimental toward a business? I would ask these two questions because the would be most helpful to me for this course and for my entrepreneurial career. I think the author was spot on with all the information and didn't really have any mistakes.