Explain how analysis of the five competitive forces

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Reference no: EM132224613

YourFire, Inc., is a small business owned by Curt and Julie Robards. Based in Brisbane, Australia, YourFire manufactures and sells a lightweight camping stove called the YourFire. Curt, who previously worked as an aerospace engineer, invented and patented a burning nozzle that enables the stove to stay lit in very high winds—up to 90 miles per hour. Julie, an industrial designer by training, developed an elegant folding design that is small, lightweight, easy to set up, and very stable. Curt and Julie manufacture the stove in their garage, and they sell it directly to their customers over the Internet and via phone.

1. Explain how an analysis of the five competitive forces could help YourFire.

2. What does the YourFire competitive strategy seem to be?

3. Briefly summarize how the primary value chain activities pertain to YourFire. How should the company design these value chains to conform to its competitive strategy?

4. Describe business processes that YourFire needs in order to implement its marketing and sales and also its service value chain activities.

5. Describe, in general terms, information systems to support your answer to part 4.

6. What can YourFire do to ensure they stay competitive? HINT: Look at the Five-Component framework of an information system.

Reference no: EM132224613

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