1. You gain awareness of some of the most significant forces that shape your strategy to survive & thrive.
2. Awareness of the 5 Forces allows some stress relief because of reduced uncertainty & implementation of formal risk management.
3. Identifying Supplier Power will provide you the urgency to seek new suppliers or change your relationship with your supplier to minimize risk.
4. If Buyer Power is high, this can determine potential weaknesses in your customer relationship management, product & service offerings, or your current customer base.