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A Honey of an Industry: The Five Forces Game
Strategy, Five Forces, Experiential Learning
Porter’s Five Forces model is a foundational concept in strategic management. The five forces model is deceptively simple, yet it encompasses important nuances that students sometimes struggle to fully understand. This experiential exercise is designed to illustrate the components of the five forces and how the components affect industry profitability in a way that requires the students to grapple with the difficult material while engaging in an enjoyable activity.