Report: The Five Competitive Forces That Shape Strategy

Report: The Five Competitive Forces That Shape Strategy

Instructions 

(1) Your own personal critical analysis of the concepts introduced in the article.
(2) Current (in the news now) examples not found in the article, and
(3) Personal examples of the concepts based on your own private or professional experiences

Answer Preview 

The article presents a description of some key factors which the author thinks should be considered when making a decision to enhance the competitiveness of an organization within an industry. The focus of the article is mainly of the factors that affect competition within market of any given industry. The forces include the suppliers, customers, and elements of competition which include the number of firms available in the market and their power as well as the possibility of new entrants (Porter, 2008).

Word Count: 550