We show how Porter's five forces that shape competitive strategies can be linked directly to long term profitability of industries, as measured by the return on invested capital. As the five forces framework has become a staple approach to strategic analysis, playing a key role in both business...

This paper analyzes the relationship between the three main enterprise systems (Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Customer Relationship Management (CRM)) and firms' innovational performance. It studies whether the enterprise systems have impacts on process as...