Porter’s Five Forces and generic strategies

Michael Porter’s Five Forces Model is a useful tool to aid organizations facin" rel="nofollow">ing the challengin" rel="nofollow">ing decision of enterin" rel="nofollow">ing a new in" rel="nofollow">industry or in" rel="nofollow">industry segment. The Five Forces Model helps determin" rel="nofollow">ine the relative attractiveness of an in" rel="nofollow">industry and in" rel="nofollow">includes:• Buyer Power • Supplier power • Threat of substitute products or services • Threat of new entrants • Rivalry among existin" rel="nofollow">ing competitors Deliverables: 1. Perform a detailed Porter's Five Forces analysis for The Broadway Cafe. 2.Be sure to highlight entry barriers, switchin" rel="nofollow">ing costs, and substitute products. 3. Determin" rel="nofollow">ine which of Porter's Three Generic strategies you will use as you rebuild The Broadway Cafe for the 21st century explain" rel="nofollow">in your answer.