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The fundamental structure of Porter's five forces model is determined by five factors namely threat of entrants, the threat of substitutes, the bargaining power of supplier, the bargaining power of buyer and rivals in the market. Though it seems quite simple to interpret but actually its too strenuous. The complex relation between the business strategy and the five forces can't be understood easily. The primary factors due to which students fail to complete their assignment on time are:
- Requires lots of efforts. You need to give undivided attention and an ample amount of time to grasp the vitality of these forces. The assignments on Porter's five forces model are difficult to comprehend and it becomes much more arduous if students can't put in their best efforts.
- Demands extensive research. The model was devised with the aim of developing business strategies to maximize the profit. Therefore it is very close to practicality. Its effect can be observed in the industry. To include its application in the assignment requires extensive research.
- Shortage of Time. Often students get caught in the web of attending classes, preparing for seminars and writing reports. They don't get enough time to devote to their assignments. The assignments made in a hurry becomes messy and results in bad grades.
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