5. Your job as an analyst is to carry out industry analyses for your investment firm. Your current focus is on the financial services industry with specific focus on asset management sub-sector. (In no more than a paragraph)

a. Conduct a brief Porters five competitive forces analysis on this industry and summarize the implication of your analysis in terms the ease of profitability.

b. What stage in the industry life cycle do you think the financial service industry is? Corroborate your choice with a brief discussion of industry evidence.

c. Present in a brief discussion, the important macroeconomic variables to consider when analyzing the financial services industry and why you think those variables are important to your analysis.

d. What type of competitive strategy would you expect the top performing firms in the industry to follow?