w2 495 Michael Porter identified a holistic approach

w2 495 Michael Porter identified a holistic approach

w2 495 Michael Porter identified a holistic approach

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Do NOT combine LA1 and LA2 Both LA1 and LA2 should be around 250 words Learning Activity #1 1) Over 30 years ago Michael Porter identified a holistic approach to understanding how competitive forces shape strategy. He stated that the only way to truly insulate an organization from underlying economic volatility is by understanding the 5 competitive forces and how they relate, fundamentally, to the organization. The five forces are: Rivalry among existing competitors The bargaining power of Suppliers Threat of New Entrants to the market The bargaining power of Buyers Threat of Substitute Products/Services

 

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