Question description

Assignment: Market Selection & Five Forces Strategy Tool

Michael
Porter, a world-renowned strategy professor at Harvard, recognizes five
forces that form the profit-making potential of the average
organization. Porter’s Five Forces Analysis allows organizations to more
closely examine external forces that may impact profitability and that
are closer to the specific organization. Taken together, the results of
these analyses provide a comprehensive picture of the external
environment of the organization.

To prepare for this Assignment,
review “Nokia and the Smartphone Industry” on page 22 of Dyer, Godfrey,
Jensen, and Bryce (2016), and complete a personal version of the
Rivalry Strategy Tool provided on page 41 of the text. Be sure to
consider the potential impact of the Five Forces as a tool for shaping
industry competition and strategy development.

By Day 7

Submit a
3- to 5-page analysis of the influence of market selection in business
strategy development. Your analysis should address the following:

• What
  is the intensity of rivalry—high, medium, or low—within the smartphone
  manufacturing industry? Explain your answer using the Rivalry Strategy
  Tool.
• What is the intensity of supplier power—high, medium, or
  low—within the smartphone industry? Explain your answer using the
  Rivalry Strategy Tool.
• What is the importance of correctly
  identifying and choosing a firm’s industries and markets? Justify your
  answer with at least one example.
• How does accounting for
  gaining and sustaining competitive advantage impact the success of
  business strategy development? Explain.