(Solved): Harvard Business School professor Michael Porter created the competitive forces model. Since its pu ...

Harvard Business School professor Michael Porter created the competitive forces model. Since its publication in 1979 , it has become one of the most popular and highly regarded business strategy tools. Porter recognized that organizations like to keep a close watch on their rivals, but, in his Harvard Business Review article, 'How Competitive Forces Shape Strategy,' he encouraged business leaders to look beyond the actions of their competitors and examine the forces at work in their wider business environment. [1] Porker's Five Forces Model: According to Porter, there are five forces that represent the key sources of competitive pressure within an industry They are: 1. Competitive Rivalry. 2. Supplier Power. of competitive pressure within an industry They are: 1. Competitive Rivalry. 2. Supplier Power. 3. Buyer Power. 4. Threat of Substitution. 5. Threat of New Entry. Question: How does this Porter's Model help managers develop an Information Technology Strategy?