Question: answer with 300 or more
words using references.
Using the Five Forces Model of Competition
Do some research and find
an analytical tool that aids in understanding the various competitive forces
that affect strategic planning.
Although all organizational sectors potentially face similar kinds of
competitive forces, each sector and/or organization may face unique factors
that affect competitive pressure at any given time, depending on varying
For instance, you may investigate “supplier bargaining power from
foreign markets” or “dealing with emerging companies in the cell phone (or
[Suggestion: You may want to know more about
the developer of the Five Forces Model—Michael Porter, who is a premier
strategy professor at Harvard. Check him out on YouTube.]