Explain the best way for you, in your current role

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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

Reference no: EM133298279

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