Designed with EdrawMax, this template illustrates Porter's Five Forces Analysis. At the center is "Porter's 5 Forces", surrounded by five key elements. "Threats of new entrants" gauges how easily new businesses can enter the market. "Bargaining power" assesses the influence customers have. "Supplier power" measures the control suppliers possess. "Threats of substitute" considers the likelihood of customers switching to alternatives. "Competitive rivalry" looks at the number of competitors and market share. This visual tool aids in understanding the competitive landscape, helping businesses formulate strategies by analyzing these crucial forces.