Illustrate Porter’s five forces industry framework through a local example.
Discussion
Q1- Read the article at the following link.
https://www.mckinsey.com/business-functions/strate…
(Question):
Define Strategic Thinking.
List the three ways in which companies formulate strategy.
Explain any one rule of strategic thinking.
Q2- Watch the video at the following link.
(Question):
List the five forces of “Porter’s five forces” industry framework.
Illustrate Porter’s five forces industry framework through a local example.
Q3- Watch the short video at the following link
(Question):
Describe Business Model.
List the nine building blocks of the Business Canvas Model.
Explain any one building block of the Business Canvas Model along with an appropriate example.