9. Forces that Shape Strategy Ways to deal with the Forces Main Goal Action Neutralize the Supplier Power Standardize specifications for parts so your company can switch more easily among vendors.
10. Forces that Shape Strategy Ways to deal with the Forces Main Goal Action To counter customer power Expand your services so it’s harder for customers to leave you for a rival. Main Goal Action To temper price wars initiated by established rivals Invest more heavily in products that differ significantly from competitors’ offerings.
11. Forces that Shape Strategy Ways to deal with the Forces Main Goal Action To scare off new entrants Elevate the fixed costs of competing; for instance, by escalating your R&D expenditures. Main Goal Action To limit the threat of substitutes Offer better value through wider product accessibility.