Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Requirements: Choose a widely known national/international organization. Using Porters five forces model of industry structure (Chapter 2) discuss the forces impacting the profitability of the
Requirements: Choose a widely known national/international organization. Using Porters five forces model of industry structure (Chapter 2) discuss the forces impacting the profitability of the industry in which it operates. Also, describe the competitive strategy into which the organization you choose falls. Explain your choice of competitive strategy for the business chosen, using Figure 2-5 and the information on page 41. Instructions: Using APA format with a cover page and relevant references, research and write an analysis of the industry and the firms competitive strategy using the following list of paragraphs to write as a guide: Introduction Paragraph 1: Describe the organization you have chosen to analyze. What business are they in, and who are its competitors? Describe the market in which the organization operates. Provide a description of the characteristics of the customers of the chosen business. Five Forces Industry Analysis Paragraph 2: Describe the rivalry among firms in the chosen organizations industry. Explain why your analysis describes a strong or a weak force. Paragraph 3: Discuss the bargaining power of customers in the industry. Explain why your analysis describes a strong or a weak force. Paragraph 4: Explain how the threat of substitutions impacts your business. Explain why your analysis describes a strong or a weak force. Paragraph 5: Discuss the threat of new entrants into the industry and the impact on industry profitability. Explain why your analysis describes a strong or a weak force. Paragraph 6: Discuss the bargaining power of suppliers in the industry. Explain why your analysis describes a strong or a weak force. Competitive Strategy Paragraph 7: Into which quadrant of Figure 2-5 do you see the organization you have chosen operating? Why? Explain. 500 words minimum
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started