In March of 1979, Harvard Business Review published an article about a business analysis model that countless MBA students still study to this day.
Coined by Michael Porter, a professor at Harvard Business SchooI, Porter’s Five Forces is a model that draws from industrial organization economics to identify and describe the fundamental economic forces that shape every industry. More specifically, it explains how these forces dictate every industry’s competitive intensity, potential for profitability, and attractiveness to other entrants.
If you’re a restaurant owner, or if you own any type of food-related business, it’s safe to assume you’re busy every day creating a mouth-watering menu, hiring staff, developing relationships with your customers, locating and ordering ingredients, and maintaining your online store (if you have one).
With all of these activities keeping you engaged, building your restaurant’s WordPress website may feel like an overwhelming and daunting task — especially if you don’t have any experience with web development. But without a great website, you’re bound to miss out on valuable customers.
If you’re a restaurant owner, or if you own any type of food-related business, it’s safe to assume you’re busy every day creating a mouth-watering menu, hiring staff, developing relationships with your customers, locating and ordering ingredients, and maintaining your online store (if you have one).
With all of these activities keeping you engaged, building your restaurant’s WordPress website may feel like an overwhelming and daunting task — especially if you don’t have any experience with web development. But without a great website, you’re bound to miss out on valuable customers.