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Describe the competitive force of competitive rivalry

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Reference no: EM132839164

Answer the following

  1. Within the framework of the Five-Forces Model of Competition, describe the competitive force of competitive rivalry among existing competitors. What are some of the factors that influence the degree of competitive rivalry among existing competitors? What competitive conditions would create the greatest intensity of competitive rivalry among existing competitors?
  2. What do we mean by the term competitive strategy? What are the five basic options that a company has for a competitive strategy? What are some basic ways that a company executes its competitive strategy? How has the COVID-19 global pandemic affected company competitive strategies?
  3. Outline and detail a PESTEL analysis. Outline and detail how the COVID-19 pandemic could potentially impact the global macro-environment for business.
  4. How does a company identify and respond to the need for a change in strategy? What are some of the tests to identify whether a company's strategy is working? How should the companies respond strategically to the COVID-19 pandemic?

Reference no: EM132839164

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