Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
The competitive configuration of an industry — how many players there are, what barriers exist, and where bargaining power sits.
Analyse the pond before the fish. A capable management team in a structurally hostile industry usually loses anyway.
Porter's framework for industry structure: rivalry, new entrants, supplier power, buyer power and substitutes.
Indian aviation runs several of them against itself at once, which is why capable operators still lose money.