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Ahmed is opening a new restaurant, before he forms a strategy for his business, he would like to conduct an industy analysis as he is
Ahmed is opening a new restaurant, before he forms a strategy for his business, he would like to conduct an industy analysis as he is concerened with the competition intensity. You studied in the strategic management class that there are 6 elements to consider when conducting an industry analysis as defined by Porter. Help Ahmed to answer the following:
- What are those 6 elements?
- Give clear explanation/examples for each element considering the (new restaurant context).
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