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How can we use this model for strategic formulation

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Concepts of the five forces model of competition and Competitive Profile Matrix. Please work on the following tasks.

(1) Explain the concept of the five forces model by dr michael porter. Why is this considered important for effective strategic formulation? How can we use this model for strategic formulation?

(2) Find and explain several conditions that will cause high rivalry among competing firms in the fast food industry.

Reference no: EM131256651

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