Detailed external and internal analysis for Nordstrom, please use The Five Forces Model of Competition for external analysis for external analysis and SWOT for internal analysis.

 

Figure 3.3: The Five Forces Model of Competition Firms in Other Industries Offering Substitute Products Suppliers of Raw Competitive Materials, Parts, Components, or Other Resource Inputs pressures stemming from supplier bargaining power Competitive pressures coming from the market attempts of outsiders to win buyers over to their products and supplier- seller collaboration Rivalry among Competing Sellers Competitive pressures created by jockeying for better market position, increased sales and market- share, and competitive advantage Competitive pressures stemming from Buyers buyer bargaining power and seller- buyer collaboration Competitive pressures coming from the threat of entry of new rivals Potential New Entrants 3-10