In need of a 250-word initial post. MGMT410 – Strategic Management

In need of a 250-word initial post. MGMT410 – Strategic Management

Discussion assignment
Select ONE (1) of the following questions to answer:
1 – What is meant by the industry life cycle stages and give an example of a company that has moved through the stages.
2 – Explain Porter’s five competitive forces. What are they and what is their importance?
3 – What is the meaning of VRIO framework and why is it important?
4 – What are the two types of benchmarking and when are they used?
Additional Resources:
What are internal factors that may affect the business organization?
URL
https://pestleanalysis.com/internal-factors-affect-business-organization/
What are internal and external environmental factors that affect business
URL
https://smallbusiness.chron.com/internal-external-environmental-factors-affect-business-69474.html
Internal and External environments
URL
https://www.youtube.com/watch?v=HPzGIxRXtNE
Competition
URL
https://youtu.be/jILgxeNBK_8
MGMT410 Case Studies
files
Case_Studies.doc

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