Question

Porter's five Forces for Amazon's smart speakers?

Answer 1

Porter's five force is a model that identifies and analysis five competitive force . porter's refers to those forces as the microenvironment to contrast it with the more general term macroenvironment

1Threat of new entrants- threat of new entrants includes existence of barrier to entry, government policies such as sanctioned monopolies ,legal franchise requirements, capital requirements etc.

2.Threat of substitute-A substituties product use a different technologies to try to solve same economic need.

3.bargaining power of customers-the bargaining power of customer is also described as the market of output

4.bargaining power of supplier - the bargaining power of supplier is also described as market of input

5.Competitive Rivalry-positioning depend on how the public perceive a product and distinguish it from competitor.