Porter’s Five Forces and generic strategies

Michael Porter’s Five Forces Model is a useful tool to aid organizations facing the challenging decision of entering a new industry or industry segment. The Five Forces Model helps determine the relative attractiveness of an industry and includes:• Buyer Power • Supplier power • Threat of substitute products or services • Threat of new entrants • Rivalry among existing competitors Deliverables: 1. Perform a detailed Porter's Five Forces analysis for The Broadway Cafe. 2.Be sure to highlight entry barriers, switching costs, and substitute products. 3. Determine which of Porter's Three Generic strategies you will use as you rebuild The Broadway Cafe for the 21st century explain your answer.