Problem 1: Per the I/O model, what are the 3 key areas of the external environment that should be carefully reviewed when developing your business strategy? Specific to Competitors, what are the key elements that you should be focused on and why?
Problem 2: Identify two firms of your choice competing in the same industry with different business-level strategies (per Porter's Framework). Explain why the chosen business strategy works for each and what are the competitive risks faced by the 2 different firms?