Reference no: EM133298279
Question: Companies can use Porter's framework at the individual store level, for merchandise divisions, or for the total company to evaluate integrated elements of their strategy and their competitive position in the marketplace. However, like all other analytical frameworks, it is the starting point for analysis and should be accompanied by other methodologies such as the SWOT analysis.
Instructions
Review the following two resources:
Porter's Five Forces Diagram
Application of Porter's Five Forces
Watch: Porter's 5 Forces (Tesla Example) - How to dao an Industry Analysis - Porters 5 Forces Explained. (9:51). Learn to Invest. (2019, Jul 31). YouTube.com
Review course content and conduct additional outside research on Dr. Michael Porter's Five Forces of Competitive Position (Porter's Five Forces Model or Framework).
For your post, answer the following questions:
Based on Porter's Five Forces, identify and explain the forces that are currently influencing product sales in your company's industry
Explain the best way for you, in your current role, to apply Porter's Five Forces to improve the integrated business strategy in your business
Predict the results you expect to achieve from applying Porter's Five Forces Model to your business
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Explain the best way for you, in your current role
: Explain the best way for you, in your current role, to apply Porter's Five Forces to improve the integrated business strategy in your business
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