Strategic Management

  

1. What is the 5 Forces Model? How is it used by a firm? Briefly, discuss each force in the model. Which of these forces do you consider to be the strongest? Why?

2. What is a Value Chain? Why is it important?

3.  When conducting a SWOT analysis, is it enough to simply compile lists of the firm's strengths, weaknesses, opportunities, and threats? Why or why not?

*Note - A minimum of a 1 page answers to each questions and body citation and reference at the end.