Highlights
Learning outcome:
LO4: Draft a plan to foster dynamic capabilities for competitive advantage.
1.3 Industry structure: Porter’s Five Forces Framework
In Module 2, you learnt about Michael Porter’s Five Forces Framework, which assesses an organisation’s average profitability by analysing the industry. Based on your market definition, conduct a Five Forces analysis by populating the table below. Determine whether each of the forces are high, medium, or low in terms of strength and justify your evaluation. Remember that the players you deemed direct competitors in 1.2 will now be listed as rivals, and those deemed indirect competitors will now be listed as close substitutes. (Max. 200 words)
1.4 The industry ecosystem and strategic interactions: The Value Net Model
In Module 2, you learnt about the Value Net Model that can be used to map the competitive industry landscape surrounding an organisation to identify where strategic interactions can be improved. Identify strategic interactions that your organisation should manage in its industry landscape and populate the table below. Remember to break down supply into its different streams (e.g. supply of sugar, supply of gasoline, supply of engineering labour) and illustrate at least two streams of supply (Max. 200 words).
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