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Critique of Porters Model (Practice-based (Not enough knowledge (To…
Critique of Porters Model
Resource-based view (RBV)
Must
Do internal analysis too
Not same strategies
Not same capabilities
Diversity in resources in short lived
Others copy
Dynamic
It is static?
Inter-connections
Inter-dependencies
Fast paced change
Increase blurred boundaries
Dynamic movement
Porter says
Understand most important developments
and impact on industry attractiveness
Dynamics should under pin this automatically
Number of forces
There could be more than 6!
Digitisation
E-commerce
Porter says
Understand how Complement effect industry
Not a separate force as such
Model explains how
Value is created in industry
How its retained by competitors
Or limited by other forces
Practice-based
Grouping
Not all alike
Buyers
Suppiers
Not enough knowledge
To identify each factor
To judge the Power
To consider the impact
Data to inform analysis
How is it interpreted
Is this right?
What data is used
Sector-based
Framework research
Related to US
Related to particular industries
Cars
IT
Developed in 70's
No globalisation
Little Tech
Does it relate to third sector?
No
Need governance factor
To understand context