Overall competitiveness efficiency: A quantitative approach to the five forces model

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dc.contributor.authorPaksoy, Turan
dc.contributor.authorGunduz, Mehmet Akif
dc.contributor.authorDemir, Sercan
dc.date.accessioned2024-02-23T14:02:26Z
dc.date.available2024-02-23T14:02:26Z
dc.date.issued2023
dc.departmentNEÜen_US
dc.description.abstractThis study proposes Porter's five forces model-based technique that measures a company's competitiveness through objective indicators and metrics. We introduce a novel model, the overall competitiveness efficiency, which points out that a company's competitiveness level incorporates capabilities matching five environmental forces. The five forces are: bargaining power of suppliers, bargaining power of buyers, threats of substitutes, threats of new entrants, and rivalry among existing competitors. The overall competitiveness efficiency model also consists of five dimensions: bargaining power against suppliers, bargaining power against buyers, competitive power against substitutes, competitive power against new entrants, and competitive power against competitors. We develop three quantifiable indicators for each dimension and operationalize these indicators with objective metrics. To show the models' applicability, we conduct a case study in a hydraulics press industry company by collecting quantitative data from document analysis, secondary data analysis, semi-structured in-terviews, and observations. Our model gives managers insight into improving the company's competitiveness by focusing on weaknesses and capitalizing on the strengths through measurable competitiveness indicators and metrics. The models' implications guide managers in making strategic decisions on the competitive position in the market.en_US
dc.identifier.doi10.1016/j.cie.2023.109422
dc.identifier.issn0360-8352
dc.identifier.issn1879-0550
dc.identifier.scopus2-s2.0-85165000827en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.cie.2023.109422
dc.identifier.urihttps://hdl.handle.net/20.500.12452/11715
dc.identifier.volume182en_US
dc.identifier.wosWOS:001040176900001en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.ispartofComputers & Industrial Engineeringen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBusiness Performanceen_US
dc.subjectCompetitive Advantageen_US
dc.subjectFirm Competitivenessen_US
dc.subjectFive Forces Modelen_US
dc.subjectIndustry Structureen_US
dc.subjectMarket Competitionen_US
dc.titleOverall competitiveness efficiency: A quantitative approach to the five forces modelen_US
dc.typeArticleen_US

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