What insights does this give you about your industry

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Strategy and Business Environment

State the industry you are currently working in or would like to in the future. How do Porter's 5 Forces affect that industry? What about macroenvironmental factors such as government policies, legislation or technological advances? In what ways do these factors combined affect the competition and strategy formulation in your industry? Which strategic analysis tools might be most helpful in analysing the business environment?

Share your ideas with your peers and see if there are industry sector differences, ie. Are some industries more sensitive to competitors than macroenvironmental factors, or vice versa. What insights does this give you about your industry?

Reference no: EM133058322

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