1. Identify possible circumstances under which suppliers and buyers bargaining powers are increased and explain how these powers might affect the firm’s competitive advantage. What might the company do to combat each of these threats?
2. Sometimes external auditors can be called in to evaluate risk management plans and strategies. What are three advantages of using external auditors?
3. You have studied in this course various analytical techniques (e.g. EFE Matrix, IFE Matrix, CPM, SPACE Matrix, BCG Matrix, IE Matrix). What do you think is the real value of these techniques in the overall process of strategy formulation?