Describe the stages of driving forces analysis

Question

Describe the stages of driving forces analysis.

Answer 1

i. Discovering what the driving forces are.
ii. Reviewing the impact they will have on the industry.

Industry conditions alter because key forces are driving industry participants (, customers,  suppliers, or competitors) to change their actions; the driving forces in an industry are the main underlying causes of altering industry and competitive conditions – some driving forces invent in the macro-environment and some originate from within a organization’s immediate industry and completive environment.