Name the five industry and competitor forces that can significantly influence the performance of organizations within an industry
What will be an ideal response?
Answer: Michael Porter developed perhaps the most well-known model for analyzing a firm's industry and competitor environment. The framework focuses on five forces:
1. the nature of rivalry
2. new entrants
3. substitutes
4. customers
5. suppliers
Business
You might also like to view...
The Middle East and North Africa are sometimes viewed as a regional entity known as "Mena."
Indicate whether the statement is true or false
Business
Bricoleurs tend to solve novel problems by_____
a. following rules carefully b. combining taken-for-granted resources in novel ways c. focusing on the "one-best-way" to solve the problem d. none of the above
Business