Competition in an Industry is Rooted in its Underlying Economics - Management Assignment Help

Assignment Task:

Task:

Competition 
Competition in an industry is rooted in its underlying economics, and competitive forces exist that go well beyond the established combatants in a particular industry (Porter, 1979). 
a. Please list and describe each of the market forces as defined by Michael Porter (1979). 
b. Please describe how the concept of "competitive archetypes" (Miles, Raymond & Snow, 1978) relate to Porter's idea of the Market Forces? 
c. Technology is changing the status quo of the market forces. Do you agree? Please explain why or why not exemplified in at least one organization or industry of your choice. 
d. With an offset in your answer in 2b, please discuss the concept of "The Zero Marginal Cost Society" (Rifkin, 2014). 
 

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