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Question: 1 (34 marks Internet-based and digital technologies have fundamentally changed the ways business institutions interact and operates with each other and with customers. These

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Question: 1 (34 marks Internet-based and digital technologies have fundamentally changed the ways business institutions interact and operates with each other and with customers. These changes have affected education industry forces in ways that have created many new strategic challenges. Critically discuss how the Internet and Digital Technologies affect competitive forces. Support your answer by using AOU as an example. (500 words) Question: 2 (33 marks) The Michael Porter Diamond of National Advantage is a framework that explains why countries foster successful multinational corporations. For-example, United States is considered a world leader in the motion picture industry. Using Porter's diamond framework for national competitiveness, critically discuss the success of this industry, (500words) Question: 3 (33 marks) Industry life-cycle can be explored from several levels- from the life cycle of an entire industry to the life cycle of a single model of a product or service. Critically discuss how each stage of the industry life cycle can play a role in decisions that managers must make at the business level. Discuss the key success factors/strategies for each stage? Provide an example for each stage. (500 words)

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