[Case Studies] CS-162 Porters Five Forces - Part 02 Threat of Substitutes Substitute products use different means and technologies to try to solve the same economic need - such as meat vs fish. Substitute products tend to compete through their Horizontal Differentiation. To limit the Threat of Substitutes, companies can increase their Horizontal Differentiation by offering better value through new features or wider product accessibility. Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website: https://scientificstrategy.com/cs-162/ CASE STUDIES: CS-162 Porters Five Forces - Part 02 Threat of Substitutes https://scientificstrategy.com/cs-162/ WIKIPEDIA: Porter's Five Forces - Threat of Substitutes https://en.wikipedia.org/wiki/Porter%27s_five_forces_analysis#2*_Threat_of_substitutes
This is a companion discussion topic for the original entry at https://kni.me/w/oKFC-juB7mextZpu