In our course we learned about competitive forces. One of the authors and deep thinkers about competitive forces is Michael Porter. He identified 5 forces. Explain what those 5 forces are

All responses must be entered in the answer boxes at the end of each question

Question 1(10 marks)

1. In our course we learned about competitive forces. One of the authors and deep thinkers about competitive forces is Michael Porter. He identified 5 forces. Explain what those 5 forces are. (5 marks)
2. From an industry you have chosen, services, retail, automobile or other manufacturing select an example foreach force. Discuss the 5 forces and how they reflect the reality of what is occurring in that industry. (5 marks)

ANSWER (box will enlarge as you enter your response

Question 2(10 marks)

1. We learned about value creation in our unit. And we learned that there are 7 functions that deliver value. Select 5 of those functions and explain what each is. (5 marks)

1. Summarize what is the driver within each function. For example, the primary role of leadership is to increase employee commitment. Please give the other drivers.

(5 marks)

ANSWER

Question 3(10 marks)

1. There are 5 names that we assign in our unit to types of buyers. The first one is Innovator. Your task is to name the other 4 types and to give a full explanation of what each means.

(5 marks)

1. Also, give examples of the products that would be purchased by each of these types of buyers. For example, an Innovator would be the first person you know to buy a Tesla, electric car.

(5 marks)

ANSWER

Question 4(10 marks)

1. When domestic corporations decide to become international corporations or multi national corporations there are 5 methods which we studied that can be the first step and will be the corporations entry strategy. List these 5 ways. (5 marks)

1. Explain what each of these strategies is that you learned in the unit. Be certain to give the positives and negatives of each e.g. what is the risk profile for each strategy. Extra marks will be earned if you can give examples of how companies are able to enter other countries in an effective manner, e.g. McDonalds entry into India with a J/V strategy.

(5 marks)

ANSWER

Question 5(10 marks)

1. In one of our final lectures, we discussed the advantages of a multi business model. We studied 5 ways in which company profitability can be enhanced by strategic managers. List the 5 ways in which profitability can be enhanced. (5 marks)

1. Give examples of how this can be accomplished. Note it is acceptable to use examples from the curriculum. (5 marks)

ANSWER

END OF FINAL INDIVIDUAL ASSESSMENT

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