Question 1: Search the Internet and find the five competitive forces that shape strategy. Briefly explain briefly each force.
Question 2: Determine which of the five competitive forces has the most significant impact on strategy in general. Support your response with evidence or examples.
Question 3: Select any industry and analyze its underlying structure in terms of the five forces.
Question 4: With the same small business from the first discussion in mind, describe the best possible merger or agreement to grow your company and maximize profits. Explain your rationale.
Question 5: With the same company in mind, discuss the most effective way to sustain and extend a competitive advantage. Provide specific examples to support your response.