Business

Bargaining Power of Suppliers: How Porter’s Five Forces Work

Written by the MasterClass staff

Last updated: Apr 6, 2022 • 4 min read

In 1980, Michael E. Porter, a professor at Harvard School of Business who specializes in industrial organization economics, published the influential text Competitive Strategy: Techniques for Analyzing Industries and Competitors. In the book, Porter introduced what is now known as Porter’s Five Forces, one of which is the bargaining power of suppliers.