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How Airbnb's business strategy differentiates them from other organizations in the same industry using Porter’s four competitive strategies mode
Airbnb's Competitive Advantage
Length: 2 pages (500 Words)
In every business, the first step to a business strategy starts with an evaluation of the fundamental structure, characteristics, and business environment of an industry. In fact, one of the models used to determine an industry’s structure and characteristics is the Michael Porter’s five forces model.
Airbnb is one such company that is an active practitioner of the Porter’s competitive advantage model. When comparing Airbnb’s competitive advantage to Porter’s five forces model, it becomes clear why the company was recently valued at $3 Billion.