Book: Hard facts dangerous half truths and total nonsense Jeffery Pfeffer 1. Describe the Industrial-Organization approach to strategy? What are the main assumptions of Michael Porter's 5-forces model (e.g., Industry-Structure paradigm) AND what are the problems with this perspective on strategy? Why is Intel used as an example? 2. What reasons are given to suggest that strategy may not be all that important, or at least not the single most important thing to business success? What are the reasons given for the lack of evidence between strategic planning and organizational performance?