02 Oct Wk3- Five Forces Model of Competition
40180Week 3
DQ#1: Using the Five Forces Model of Competition
Introduction:
Do some research and find an analytical tool that aids in understanding the various competitive forces that affect strategic planning. Although all organizational sectors potentially face similar kinds of competitive forces, each sector and/or organization may face unique factors that affect competitive pressure at any given time, depending on varying circumstances.
For instance, you may investigate “supplier bargaining power from foreign markets” or “dealing with emerging companies in the cell phone (or tech) industry.”
[Suggestion: You may want to know more about the developer of the Five Forces Model—Michael Porter, who is a premier strategy professor at Harvard. Check him out on YouTube.]
Week 3 Reading Resources:
This week we move into a section that deals with examining core concepts and analytical tools that help us evaluate where we are presently, so that we will be able to respond properly to our external environment with our resources and capabilities with the highest level of competitiveness possible.
Journal Articles:
Lee, C., Tseng, C., & Chu, K. (2016). Exploring strategy fit of competition on foreign enterprise and brand strategy. International Journal of Organizational Innovation (Online),8(3), 99.
Hopkins, W. E., Mallette, P., & Hopkins, S. A. (2013). Proposed factors influencing strategic inertia/strategic renewal in organizations. Academy of Strategic Management Journal, 12(2), 77– -94.
Hoyes, M. (2014). Strategic thinking: Lessons from Dr. King’s “I have a dream” speech Leadership Advance Online, 26, 1—7.
Hyväri, I. (2014). Project portfolio management in a company strategy implementation, a case study. Procedia – Social and Behavioral Sciences, 119, 229-236. doi:10.1016/j.sbspro.2014.03.027
Laseter, T., & Sarasvathy, S. (2012). Three games of strategic thinking. Strategy + Business, 67, 1— 6.
Okantey, P. C. (2012). Leading change: When everything else is falling apart. Strategic Leadership Review, 2(3), 42—46. Discussion Forum
Velez— Castrillon, S. (2012). The strategic fit between board of director’s characteristics and the external environment, and its effect on firm reputation (Doctoral dissertation, University of Houston). Available from ProQuest Dissertations and Theses database. (UMI No. 3506846)
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.