WRITE ONE PAGE ON YOUR OWN WORDS, TYPE EACH QUESTION BEFORE YOU ANSWER THE. MAKE SURE IT IS ONE PAGE AFTER YOU TYPE EACH QUESTION.
“Business Strategy” Please respond to the following:
- Read the article titled, “What Killed Michael Porter’s Monitor Group? The One Force That Really Matters,” located in Week 1 of the course shell. The original article can be found at http://www.forbes.com/sites/stevedenning/2012/11/20/what-killed-michael-porters-monitor-group-the-one-force-that-really-matters/. Imagine that you are a manger of the organization you work for, or one you are familiar with. Examine the major influences that this article will have on your strategy developing process. Provide a rationale for your response.
- From the case study, use the five (5) forces which are Supplier Power, Buyer Power, Competitive Rivalry, Threat of Substitution, and Threat of New Entry. framework to determine the level of competitiveness in the luxury goods industry. Speculate on the likely profit potential of the luxury goods industry, given the opportunities (O) and threats (T) underlying the competitive forces in this industry.