Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 When assessing the overall effect on industry profitability of the five forces in Porter's framework, one should follow which of the following approaches? A.

2 When assessing the overall effect on industry profitability of the five forces in Porter's framework, one should follow which of the following approaches? A. focus mostly on the pivotal force, which is the greatest source of competition in the industry. b. Calculate and focus on the average effect of all the forces. c. Use the PESTEL framework to understand how the five forces will affect profitability. d. Ignore the assessment of each of the forces as they have no bearing on profitability

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Supply Chain Management Strategy, Planning and Operation

Authors: Sunil Chopra

7th Edition

134731889, 134731883, 978-0134731889

More Books

Students also viewed these General Management questions

Question

127 What are the hinges of a box plot?

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago