Yelp Industry Research Paper
Conduct an external analyses
1. Identify the industry.
*Its products or services
*Key players
2. Environmental analyses of the industry
(Discuss at least two factors)
Economic factors
Social factors
Technological factors
3. Use Michael Porter’s Five Forces’ Model
*Risk of entry by potential competitors
Entry barriers
*Intensity of rivalry among established firms
Who and why
*Bargaining power of suppliers
Who and why
*Bargaining power of buyers
Who and why
*Threat of substitutes
Who and why
4. Andrew Grove’s sixth force
Who and why
5. Use the Industry Life Cycle Analysis model to identify the stage in which the firm’s industry finds
itself.