Two quick questions relating to Information System Management ClassTotal answers about 400wordsDo Not Use CitationsPlease write answers in your own wordsNo quotes Question 1General Discussion questio

Two quick questions relating to Information System Management Class

Total answers about 400words

Do Not Use Citations

Please write answers in your own words

No quotes

Question 1

General Discussion question

Please discuss these questions in a well written paragraph (200words)

What is the purpose of Porter’s five forces model? Support your argument with an example of a strong force and an example of a weak force. Be sure to support your example by explaining why it was a strong force or a weak force using Porter’s five forces model as a guide. If you have personal experience related to Porter’s five forces model, please include that in your discussion as well.

Question 2

In 200 words

Discuss the concepts of value, margin, and value chain as defined by Porter.

Must not be plagiarized

Must be an original response

Answer must be in proper English language

Cannot be one big paraphrase

Must be required length and NOT MUCH LONGER

There is no updating after deadline

Tutors named Jood.AMC and Rahulbansai Are not allowed to answer this question or question will automatically be denied due to incorrect answer of not fulfilling requirements

Important information

Question 1

Porter’s Five Forces Model of Industry Structure

According to this model, five competitive forces determine industry profitability: bargaining power of customers, threat of substitutions, bargaining power of suppliers, threat of new entrants, and rivalry among existing firms. The intensity of each of the five forces determines the characteristics of the industry, how profitable it is, and how sustainable that profitability will be.

Question 2

 Information from text book, cannot quote in answer

Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service. The difference between the value that an activity generates and the cost of the activity is called the margin. A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.

A value chain is a network of value-creating activities. That generic chain consists of five primary activities and four support activities.

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