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353: Porter's Five Forces and Learning Business Competition

Leading Learning Podcast

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Analyzing Michael Porter's Five Forces in the Learning Business Market

This chapter explores the application of Michael Porter's five forces of competition - threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products, and rivalry among existing competitors - in the context of running a learning business. It emphasizes the importance of competitive differentiation, brand loyalty, and creating a strong sense of affiliation and belonging in the learning business world to stay ahead in the market.

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