Share
Explore BrainMass

Porter's five forces model

1. Review Porter's five forces model. Of the five forces identified, which would you choose as the most influential in analyzing the competitive environment of your current profession? Which force is least influential? Defend your answers.

2. Explain the differences between high and low contact cultures. Which culture are you currently working in? How does the cultural environment influence decisions about globalization? What needs must be considered when crossing from one contact culture to another?

Solution Preview

1. Review Porter's five forces model. Of the five forces identified, which would you choose as the most influential in analyzing the competitive environment of your current profession? Which force is least influential? Defend your answers.

The competitive rivalry in the industry is the most important force in analyzing the competitive environment of my current profession, i.e., market research industry. This is due to the fact that presence of large number of players in the market research industry makes it important to consider competitive rivalry as an important element in strategic decision making because all major strategic decisions are affected by competitive rivalry. Hence, analysis of competitive ...

Solution Summary

Review Porter's five forces model. Of the five forces identified, which would you choose as the most influential in analyzing the competitive environment of your current profession? Which force is least influential? Defend your answers.

$2.19