By Dimitrios Angelopoulos, AdvanFort Company Senior Business Development Manager
An analysis based on Michael Porter’s “Competitive Forces” Model
Abstract
The study employs Michael Porter’s famous model designed to determine how competitive forces shape strategy in order to better understand the current state of, and contemporary and future challenges faced, by Private Maritime Security Companies (PMSCs). The model used allows companies to understand that competition extends beyond their professional rivals and includes many other factors that affect the framework in which the industry operates. Those PMSCs that lack a deeper knowledge of competitive considerations will find it difficult to stay profitable.
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