Forces model of competition in analyzing the industry, Other Management

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QUESTION 1

Management's job is not to see the company as it is but as it can become. A strategy is a commitment to undertake one set of actions rather than another. Discuss this statement paying particular attention to the strategic management process.

QUESTION 2

The Porter's five forces model helps the manager to have an assessment of competition and the strength of the competitive forces. Discuss briefly the five forces model of competition in analyzing the industry

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