Conduct an analysis of the online social networking industry


Question: Abby requests that you conduct an analysis of the online social networking industry because this is a necessary component of the business plan to eventually be presented to the venture capitalist to obtain funding. As you know, it will also be crucial to obtain a good understanding of the industry environment for developing the strategic plan. Using the library, internet, or any other materials, discuss and assess the online social networking industry in terms of each of Porter's five forces of competition. The goal is to be able to assess the industry's overall attractiveness and identify several key success factors.

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