Reference no: EM132997351

The course has taught you Porter's 5 forces, Business strategy, and the Value chain model. Porter's Five Forces is a framework for analyzing a company's competitive environment, whereas a value chain is a set of activities that an organization carries out to create value for its customers. Similarly, Strategy is defined as the long-term plan of a particular company in order to gain a competitive advantage over its competitors in the industry. Take an example of a local business you are familiar with, find the business situation by doing 5 force analyses after knowing the situation, do the value chain and identify the area to improve or add value. How the business faces challenges as Porter's 5 forces and value chain and how it can use Information systems effectively.