Has competition increased or decreased overall as a result of the Internet and e-commerce?
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Has competition increased or decreased overall as a result of the Internet and e-commerce?
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Question 1) The internet significantly influenced business and strategic planning. In your opinion, according to Porter’s Five Forces Model, has competition increased or decreased overall as a result of the Internet and e-commerce? (This video will help to answer the problem: https://www.youtube.com/watch?v=mYF2_FBCvXw)
Question 2) Describe an industry analysis and its purpose. Give two examples of the types of questions an industry analysis might answer. In your discussion also include an analysis of the chosen two areas and how they affect the strategic planning process.
