What Is the Most Useful Theory to Analyse for Business Dissertation?

Writing a business dissertation includes several essential factors. Such factors make it different from any other dissertation paper. Here, you need to use proper theory to analyse data. Also, such theories can help you to explain your findings. Finally, it shows how your work fits into the broader aspects of the field. You can choose business dissertation topics, but the theories can help you to analyse data and use those in your write-up. Among lots of other theories, you can always keep Porter’s Five Forces on the top to analyse for a business dissertation.

Porter’s Five Forces- A Brief Overview

Michael E. Porter, a professor at Harvard Business School, created Porter’s Five Forces. He developed the theory to help businesses understand the competitive market in the field. Therefore, businesses can use this theory to understand the opportunities and threats they face in the industry. Thus, they can build strategies to stay ahead of the competition. The five forces of this model are as follows-

Threat of the New Entrants

This force explains how new companies can make entries into the industry. Also, it explains how difficult or easy it will be for them. If a new company enters into the industry, the competition is not that much tough. Certain factors like customer loyalty, costs for startup, and economics of scale play an essential role here.

Bargaining Power of Suppliers

This force talks about the power of the suppliers on your business in the industry. If a supplier offers any unique product, they charge higher. It can cut into business profits.

Bargaining Power of Buyers

This force is all about how much power the consumers have. If a few buyers buy something in large quantity, they can ask for a low price and better quality. It can reduce industry profits.

Threat of Substitute Products or Services

This force focuses on other products or services that can give competition to similar kinds of products and services in the industry. Once buyers get substitutes, the companies can limit the charge for the products or services.

Industry Rivalry

This force is all about the intensity of competition among the competitors in the industry. High competition can increase the price and create lower profits for businesses.

The Importance of Porter’s Five Forces for Business Dissertation

Porter’s Five Forces are pretty useful for business dissertations. It provides clear and valuable insight into the industry. Let’s find out the importance of this model while writing a business dissertation:

It Can Be Applicable to Many Industries

This is one of the significant aspects of Porter’s Five Forces. You can be a student of any stream of business studies. This model is suitable for any type of business study. You can be a student of retail, healthcare, technology, or any other sector, and this model will help you understand the competitive market of any industry.

It Provides Strategic Insights

Porter’s Five Forces is important to get an idea about the industry. It helps to understand whether there are threats or opportunities for a new business. Thus, one can build strategies before entering into the industry.

It Is Quite Easy to Understand

The students of business studies won’t find it difficult to understand. So they can quickly write dissertations and go for dissertation proofreading. The five elements of this model are straightforward. Also, it provides a structured analysis of your dissertation.

It Is Dynamic

Each industry keeps on changing with time. Therefore, Porter’s Five Forces is quite a dynamic model that can pace up with changing trends. So, a student can easily use this model for data analysis while writing a business dissertation.

It Can Go with Other Theories

Students of business studies may need several other types of theories for different purposes while writing business dissertations. Porter’s Five Forces is a pretty lucid model that is compatible with other theories like Resource-Based View or SWOT analysis. Thus, it makes your dissertation stronger and better.

So, here you get to know the importance of Porter’s Five Forces theory. You can use it for analysis in business dissertations.

Tips to Use Porter’s Five Forces in Business Dissertation

So far, you have gotten a thorough overview of the theory and know its importance. Now, you must have some idea of how to use this model in writing a business dissertation. Have a look-

Use It to Understand Market Entry Strategies

This model helps you to understand the strategies for a new company in an industry. You can write how it can make an entry. Also, you can talk about the threats and opportunities it will have. Finally, you can also give an insight into how the buyers will behave.

Apply It to Understand Disruption in Industries

When a company makes an entry into any industry, it may face specific disruptions. For example, the streaming services can create challenges for traditional TV. So, this business model will help students understand how companies should upgrade themselves and follow the changing trends.

IT Can Help You to Understand Corporate Strategy

Do you have a dissertation on corporate strategy? Then, you can use this model to understand the company’s position in the market. Also, it helps them understand their strategy for facing competition. Thus, you can use it to better analyze your dissertation.

So, these are specific methods that you can follow while using Porter’s Five Forces model for analysis in a business dissertation. Understand your topic well and prepare your dissertation correctly.

Conclusion

Here, you get to know about Porter’s Five Forces theory to analyse for a business dissertation. You will find lots of other theories, too. However, this one is easy to understand. So students won’t find it difficult and stay away from writing business assignments. Still, if you are confused about doing the task, you can look for professional assignment help. They will provide you with several business dissertation topics. Go through those and choose one where you can use this model correctly.

Read More- Effective Ways to prevent Cheating in Exams