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List Michael Porter s Competitive 5 Forces and briefly, how each force can shape the fate of the firm. ( Use a few sentences and

List Michael Porters Competitive 5 Forces and briefly, how each force can shape the fate of the firm. (Use a few sentences and bullet points)(10 marks)
Consider the following situation: You are going to start a business it could be anything, designing an app, e-commerce store, retail store, restaurant etc..
What will be your business? (Simply name your business in one or two sentences, I do not need a business plan). Which of the following will be your information system strategies for dealing with the competitive forces?
Example, using Bitcoin as a medium of payments strengthening customer and supplier intimacy.
Again, get to the point through bullet points, I am not looking for an essay (8 marks)
Low-cost leadership?
Product differentiation?
Focus on market niche?
Strengthen customer and supplier intimacy?
What is the negative to Porters model? (2 marks)
What model would be an alternative to Porters, list 4 reasons why? (5 marks)

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