( 1 Core values are what the business stands for and what it wants to provide for its various stakeholders its consumers, employees, investors, community, etc. ( } According to the Strategy Process Model, "strategic choice" comes before external analysis. { ) If businesses existing in a particular industry possess specialist knowledge, the risk of new entry (new companies entering the industry) tends to be high. { } If there are a small number of suppliers that business in an industry can source from, the risk posed from the suppliers tend to be lo_w