Your Ultimate Guide to a Successful Business

Great lessons from Steve Jobs!

Good day everyone.
I realize this is not directly related to business on entrepreneurship but we this is a feel-good story that I want to share. It's always important to realize that celebrities are also human. We share a lot of the stories in the course. Mark Zuckerberg's rise to fame, McDonalds Franchise, Walt Disney and many more.. rags to riches stories.

The rise of Mr Bean!

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Please visit my YOUTUBE channel or Facebook video section if you want to get an idea what the course is all about.

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Course layout:
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Porter's six forces, also known as the Porter's Five Forces model, is a framework that helps businesses analyze and evaluate the competitive forces in their industry. Developed by Michael Porter, a renowned Harvard Business School professor, in 1979, this model helps businesses understand the factors that determine the intensity of competition within their industry.

The six forces that Porter identified are:

1. The threat of new entrants: This refers to the likelihood of new competitors entering the market, which can increase competition and reduce profitability.

2. The bargaining power of suppliers: This refers to the ability of suppliers to influence the prices and quality of goods and services they provide, which can impact the profitability of businesses that rely on them.

3. The bargaining power of buyers: This refers to the ability of customers to negotiate prices and demand better quality products and services, which can limit the profitability of businesses that are not able to meet these demands.

4. The threat of substitute products or services: This refers to the availability of alternative products or services that can meet the same needs as the original product or service, which can reduce the demand for the original product or service.

5. The intensity of competitive rivalry: This refers to the level of competition among existing businesses in the industry, which can impact the profitability of all businesses in the industry.

6. The influence of complementary products or services: This refers to the impact of products or services that are complementary to the original product or service, which can increase demand for the original product or service.

By analyzing these six forces, businesses can develop strategies to better position themselves within their industry and remain competitive.