question 1porters five forces model of, Management Theories

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question 1porters five forces model of

QUESTION 1

Porter's five forces model of competition identifies the main sources of competitive forces and assesses the strength of the forces to help the organization craft better strategies. Describe the usefulness of this model of assessing industry and competitive conditions. Use Illustration to substantiate your answer

QUESTION 2

Discuss the use of the technique of "Value Chain Analysis" in conducting an internal appraisal of a company's competitive strengths and weaknesses

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