Five Forces Framework (FFF) of Porter And Relationship With Risk Review (RR)

Abstract

The venerable Darwinian theory of ‘ survival of the fittest is rapidly evolving as a ‘game changer’ in the dynamic business scenario. Risk review and monitoring plays a vital role for entity’s success. The success of the entity depends on how it can wither out the industry phenomenon and convert the same in its’ favour. Porter’s five forces model indicates a continuous process of evaluation and monitoring as well as obtaining competitive intelligence on present and potential rival business. In view of this, the anticipated and emergent economic landscape is having a fair association with Strategic Risk and decision making process.