Assignment:
Select an organization (e.g. business, school, church) and list five(5) Stakeholders to the organization. Briefly describe the influence of each of the stakeholders on the organization.
How do the five competitive forces in Porter's model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits?Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seems to be strongest?
Select an industry and describe what firms could do to create barriers to entry in this industry.
What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why?
What is the Resource Based view?
The resource based view of the firm identifies four criteria that managers can use to evaluate whether particular resources and capabilities are core competencies and can, therefore, provide a basis for sustainable competitive advantage. Explain each of the four criteria that can be used to determine whether resources provide a basis for Competitive advantage.