An understanding how competitive forces shape strategy

Assignment Help Strategic Management

Reference no: EM131851425

Learning Activity

Over 30 years ago Michael Porter identified a holistic approach to understanding how competitive forces shape strategy.

He posited that the only way to truly insulate an organization from underlying economic volatility is by understanding the 5 competitive forces and how they relate, fundamentally, to the organization.

The five forces are:

Rivalry among existing competitors

The bargaining power of Suppliers

Threat of New Entrants to the market

The bargaining power of Buyers

Threat of Substitute Products/Services

Using American Airlines identify the key drivers of competition for that industry and specifically for the selected company using the Five Force model.

Explain how those external competitive forces are affecting the industry and company and the effect of those forces on the overall strategic planning processes uniquely for that company and generally for that industry.

Offer supporting rationale for your explanation and be sure to reference your statements using proper APA formatting.

Reference no: EM131851425

Questions Cloud

Explain how you would modify the hierarchical hmm framework : Explain how you would modify the hierarchical HMM framework to deal with a motion tracking task.

Write a graphical user application that accept employee data : Write a graphical user application that accepts employee data to include employee name, number, pay rate, and number of hours worked.

Write program that produces report showing number of student : Write a program that produces a report showing the number of students who can still enroll in given classes.

What is leaky pipes optimal order quantity : Assume 300 worldng days a year. What is Leaky Pipe's optimal order quantity?

An understanding how competitive forces shape strategy : Explain how those external competitive forces are affecting the industry and company and the effect of those forces on the overall strategic planning processes.

Challenges in recognizing professional weakness : Write a 750-word self-reflective journal presenting your own challenges in recognizing personal/professional weakness

Explain the concept of the lean manufacturing : You have learned about lean manufacturing, and this concept of lean can be applied to service organizations as well.

Determine the role of the sustainable leader : Assuming that to be true all business leaders must integrate sustainability into the companies they lead no matter the size or leadership position they hold.

Write an application that retrieves a student name : Write an application that retrieves a student name and three scores per line from a text file. Process values by calculating the average of scores per student.

User Account

All Pages