IT Policy and Strategy Discussion board

IT Policy and Strategy Discussion board

Understanding the competitive environment is critical when developing a strategy. Using Porter’s Five Competitive Forces model from week one, choose a company and describe the five forces for that company. Do NOT choose a car company or a company. As an example, you can use page 4 of this Toyota case study.

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Competition analysis is one of the most significant determinants of profitability in a company. According to Michael Porter, a professor at Harvard University, Managers often look at competition narrowly (Stewart, 2012). The five competitive forces include the threat of new entrants, threat of substitute products, bargaining power of suppliers, bargaining power of buyers and rivalry among existing competitors (Stewart, 2012).

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