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Define porters five forces model

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Reference no: EM131457250

Integrated Business discussion questions

1.The general environment according to our reading material is composed of 6 segments each with their own aspects to the strategic plan.

List all 6 segments and give a brief explanation of each.

Do you feel that any one of the segments has a larger impact on your business than the others?

2. When companies start to forecast they often use several tools to make sure they are being environmentally aware.

As per our reading materials their is a difference between environmental scanning and environmental monitoring.

What is the difference between the two and how do companies use this information help create/execute their strategic plan?

3. There is a model called Porter's Five Forces that defines the forces companies face when trying to enter markets.

Define this model and give some examples of forces that affect the fortune 500 companies?

Reference no: EM131457250

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