Read Chapter 5: Strategizing, Section 5.5: “Developing Strategy Through External Analysis” in Principles of Management. The textbook can be downloaded from the syllabus.
Identify and list each of the Five Forces. You may want to do this using a visual aid, like a chart. Pick any organization you are familiar with and describe its overall competitive environment using each of the forces. Analyze how each of The Five Forces affects the organization and how each force may affect the ones. Evaluate which force is the strongest and why. Which is the weakest?Prepare a two page (double-spaced) essay. The paper should be 12-point font, TimesNew Roman, be at least 500 words, and include a final source list.
How effective are generic strategies? Should they be specifically tailored to each organization?
Minimum of 250 words. Cite any reference used in apa format.