Which of Porter’s Five Forces should be the highest priority and why?
Deliverable Length: 4-5 pages (not including cover page and resource page)
You are a consultant hired by a company to evaluate its strategic competitive position in the industry. Choose a company from the following Web site:
• The Transformation 20: The Top Global Companies Leading Strategic Transformations https://www.innosight.com/insight/the-transformation-20/
You will evaluate the company’s strategic competitive position by using Porter’s Five Forces model. Porter’s Five Forces model is an external model used to evaluate the competition in an industry and includes the following:
• Threat of new entrants
• Bargaining power of suppliers
• Bargaining power of buyers
• Threat of substitute products or services
• Existing industry rivalry
Apply the Porter’s Five Forces model to research on the company you chose and answer the following questions:
• Which of Porter’s Five Forces should be the highest priority and why?
• Which of Porter’s Five Forces should be a lower priority and why?
• What can the company do to maintain or improve its strategic competitive position?
Use the Strategy Template to complete the assignment: https://resources.careered.com/LCMSFileSharePreview/Resources/MSWordDocument/MGMT455_U5_IP_Student_Template%20(4).docx
Principles of Management: Chapters 9 & 10 (pp. 305–312)
OER Commons: Strategic Management (2020) Read Chapters 1 (pp. 9–16, 25–31) and 6 (pp. 127–130, 152–157) https://vtechworks.lib.vt.edu/handle/10919/99282
The Top Six Steps of Strategic Planning Planning is important in management. Read more about the top steps of strategic planning in this article https://www.forbes.com/sites/work-in-progress/2011/03/16/why-engaging-your-employees-is-the-answer-to-strategic-planning/?sh=1cd549a57330
Value Net Model: Coopetition Instead of Competition Learn more about Porter’s Five Forces https://www.business-to-you.com/tag/porters-five-forces/
What are Core Competencies for Business? Examine the core competencies for business in this article https://www.businessnewsdaily.com/15792-business-core-competencies.html
Individual Project Rubric
The Individual Project (IP) Grading Rubric is a scoring tool that represents the performance expectations for the IP. This Individual Project Grading Rubric is divided into components that provide a clear descriiption of what should be included within each component of the IP. It’s the roadmap that can help you in the development of your IP.
Assignment-Specific: An introduction containing the selected
company, information about the company. Porter’s five Forces
model was introduced and topics covered in paper were stated. 35
Assignment-Specific: The Porter’s Five Forces model
are described in detail for the industry with
demonstrated knowledge of each model for analysis. 35
Assignment-Specific: Concise and informative summaries are
provided to determine which of The Porter’s Five Forces are highest
and lowest priorities for the selected company and a thorough
justification for each decision. 25
Assignment-Specific: Provided thorough detail on what the
selected company can do to maintain or improve its strategic
competitive position. Included a Conclusion paragraph. 20
Professional Language: Assignment contains accurate grammar,
spelling, and punctuation with few or no errors. (APA formatting is
required or style specified in assignment). 10
Total Points 125
Anthony, S. D., Trotter, A., Bell, R. D., & Schwartz, E. I. (2019, September). The transformation 20: The top global companies leading strategic transformations. Innosight. https://www.innosight.com/insight/the-transformation-20/