If artificial intelligence (AI) goes according to plan, we’ll barely notice it taking hold. As a result, and despite the hyperbole, AI may be the quietest major computing revolution the world has ever known. What’s happening at one of the world’s leading children’s hospitals is a great example.
In a strategic analysis, Five Forces Analysis is an excellent method to help you analyze how competitive forces shape an industry in order to adapt or inﬂuence the nature of competition. Collectively, the Five Forces determine the attractiveness of an industry, its profit potential, and the ease and attractiveness of mobility from one strategic position to another. Because of this, the analysis is useful when firms are making decisions about entry or exit from an industry as well as to identify major threats and opportunities in an industry.