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A graphical representation of Porter's five forces. Porter's Five Forces Framework is a method of analysing the competitive environment of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability.
Porter's model is not just for businesses, but can also be applied to a country to help gain insight into creating a competitive advantage in the global market. [13] The ultimate purpose of Porter's five forces model is to help businesses compare and analyze their profitability and position with the industry against indirect and direct competition.
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Generative Pre-trained Transformer 1 (GPT-1) was the first of OpenAI's large language models following Google's invention of the transformer architecture in 2017. [2] In June 2018, OpenAI released a paper entitled "Improving Language Understanding by Generative Pre-Training", [ 3 ] in which they introduced that initial model along with the ...
When a CNN journalist called 1-800-CHATGPT on Wednesday, a female voice on the other end provided a recipe for chocolate chip cookies and summarized the Civil War. But the voice did not seem open ...
This model has had direct influence on subsequent industrial economics models such as Porter's five forces analysis. [2] According to the structure–conduct–performance paradigm, the market environment has a direct, short-term impact on the market structure. The market structure then has a direct influence on the firm's economic conduct ...
Michael Eugene Porter (born May 23, 1947) [2] is an American businessman and professor at Harvard Business School. He was one of the founders of the consulting firm The Monitor Group (now part of Deloitte) and FSG, a social impact consultancy. He is credited with creating Porter's five forces analysis, a widely-used
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