Need help with my Economics question – I’m studying for my class.
Instructions: From the 6 questions below, please choose 3 questions to answer completely. Discuss online with your classmates and be prepared to discuss all 6 in class. These questions may be on your exam.
- Porter’s five force model is a great tool for determining the nature of competition in any industry. Name, and discuss, each of the five forces.
- What is the role of competitive intelligence in strategic analysis?
- What does it mean to have a “global” mindset?
- Distinguish between tangible and intangible resources. Provide examples.
- Describe each of the four criteria of sustainable competitive advantage
- How do value chain activities relate to the above criteria?