Over at winmarkets.com a recent post by Nilofer Merchant, a marketing entrepreneur I admire, questions the relevance of Porter's venerable 5 Forces strategic framework in today's Web 2.0 era. Her business focuses on the technology innovators of Silicon Valley – admittedly a different industry than the payments realm we usually cover here – but what happens in Silicon Valley often ripples through the rest of the business world. Take a look at Nilofer's argument and consider how it impacts your business strategy.
New Model for Competitive, Market Power ?? (WinMarkets.com)
Porter's 5 Forces (Wikipedia)
Payments Post #13: At the Intersection of Tech, Regs, and Business Partnership
This month, Cici Northup joins regular contributor Justin Pituch to recap positive news in the form of fast payments growth, new fraud mitigation strategies, and evolution in cross-border transfers. All reflect, to varying degrees, the unique dynamic in the payments industry created by the intersection of technology, regulation, and new business partnerships.