Review the section on Porter’s Five Forces in the Required Resources menu link.
As a reminder, Porter’s Five Forces are: (1) Rivalry Among Existing Competitors, (2) Threat of Substitutes, (3) Threat of New Entrants, (4) Bargaining Power of Buyers, and (5) Bargaining Power of Suppliers.
Using the company and industry you have chosen for your assignments:
From the Five Forces listed above, select one strong force and one weak force
For the strong force you selected, give one example of how you can apply your understanding of its strength to help you make better decisions for your company
For the weak force you selected, give one example of how you can apply your understanding of its weakness to help you make better decisions for your company
NOTE: You can base the examples on prior decisions and discuss how you are now better prepared when similar opportunities/situations arise again in the future.
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