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This Week in Startups cover image

Threads, ChatGPT usage drops, and AI demos with Sunny Madra | E1774

This Week in Startups

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Understanding the Five Forces and Threats of Substitute Products in an Industry

Intensity of competitive rivalry is an important factor to consider in an industry./nThe threat of substitute products can impact a business's market position./nCompetition, new entrants, suppliers, customers, and substitutes are the five forces to analyze./nThe process described helps generate a structured analysis of an idea./nThe method suggested can be a valuable tool in business education.

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