Porter’s 5 Forces Model - External Turbulence - Strategic Management Assignment Help

Assignment Task:

You are asked to write and submit a short, scholarly essay, using an academic essay format, on the following topic: 
“Outline and discuss the Megaforce concepts of Porter’s 5 Forces Model and External Turbulence and how they can be used in external analysis.” 
The purpose of this assignment is to help you gain a deeper understanding of nature, impact, and implications for every organization of one of the most important areas in the strategic management discipline. You are expected to draw on a minimum of SIX (6) peer-reviewed or respected journal articles (e.g., Harvard Business Review) to underpin your arguments presented in this essay. 
Process 

• Undertake wide-ranging reading to ensure that you have a proper grasp of what ‘Porter’s 5 Forces Model” and ‘External Turbulence’ mean and the distinction between these concepts 
• Ensure that your reading enables you to address the issue of what these concepts mean for businesses/organizations and for the Strategic Management process. 
• Evaluate the literature and the research to identify a model (or models) that may help to assess and evaluate Porter’s 5 Forces Model and External Turbulence. 
• Make sure that your reading equips you to be aware of how Chief Executive Officers (CEOs) might make sense of and strategically respond to such Megaforce. 
• Identify an example and evaluate how a CEO has responded appropriately to this Megaforce. 

Note: An essay ideally does not have headings and sub-headings. The worst-case scenario may have 2 or 3 headings. Given below is a proposed structure for the flow of the essay and not headings/sub-headings. 
A brief abstract (or overview) of your key arguments and conclusions 
Introduction to the topic of your essay and what the essay will cover. 
Body of essay 

• Outline the concepts of ‘Porter’s 5 Forces Model” and ‘External Turbulence’, including definitions of each concept, how they relate and how they differ. 
• Discuss where these concepts fit within the Strategic Management process. 
• Outline and discuss a model used to assess the role and impacts of this Megaforce on an organization. 
• Discuss how CEOs should respond to this Megaforce. 
• Choose a case and evaluate how a CEO has responded appropriately to this Megaforce. 
• Conclusions and implications 
• References (at least 6 scholarly references). 

Some additional points to note for this assessment: 

Remember that it is necessary to explain and/or justify the points that you make, and that unsubstantiated assertions provide no credibility to your discussion or analysis. 

You are expected to consult academic journals and texts for material to support your discussion in this assignment. At least six (6) of these sources must be used in your discussion and cited correctly within your text and in the References List. 

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