Porter’s Five Forces Template for Free
✍ Porter 5 Forces Template: How It Works
Porter's 5 forces model is often required in business analysis. It's a handy framework, but many students struggle with using it. That's why our team has developed this online tool.
With our free editable Porter's Five Forces creator, you only need to take 3 steps to create a beautiful report:
- Fill in the blank fields.
- Choose the template to your liking.
- Download the final result in a DOCX, PNG, JPEG, or PDF format.
As you can see, our tool makes performing Porter's 5 forces analysis much more manageable! So, why not give it a try?
đź’Ş What Is Porter's 5 Forces Analysis?
In a nutshell, the purpose of Porter's 5 forces diagram is to determine how five competitive forces shape a company's industry and affect its operations. Based on that analysis, students and business analysts are expected to identify the sector's essential weaknesses and strengths.
Michael Porter invented the framework in 1979. The five forces he proposed to analyze are:
- Industry competition
- New entrants
- Supplier power
- Customer power
- The danger of substitute products' emergence in the sector
To learn more about the framework, check out the questions below:
📉 5 Competitive Forces Framework: Benefits and Drawbacks
Using Porter's five forces diagram for a company analysis comes with certain advantages and disadvantages. Here's what you should keep in mind.
âś” Advantages
- It's a helpful tool for competitive environment assessment.
- It shows the company's strengths and its potential threats.
- It can help identify strong competitors and their market positions.
- It highlights the strategic opportunities a business may explore.
- It informs corporate risk assessment.
- It helps formulate the corporate strategy and vision for future development.
❌ Disadvantages
- The framework is limited in the scope of factors it considers.
- It doesn't quantify the metrics.
- It has limited value for large companies.
- It may only serve as an initial stage of analysis.
- It gives little credit to business risk factors.
- Its value varies for different industries.
📝 Porter's Five Forces Analysis Example
Now, let's examine an example of Porter's five forces analysis you can get from our generator. Here is a study of Uber using the five factors:
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