Briefly explain porter five competitive forces

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Reference no: EM133331295

Question:

1. Briefly explain Porter's five competitive forces that determine industry profitably. Discuss how each of the forces affects new ventures' entry decisions.

2. Describe with examples some advantages of founding a firm as an individual rather than a team.

3. How strongly would you agree with the following statement? Justify your position. "Business success doesn't always scale up."

4. Why is it a competitive necessity for entrepreneurial firms to rely on new product development in some industries? Discuss three examples of such industries.

Reference no: EM133331295

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