Graded Homework

instructions

1. Read Chapter 3. Pay particular attention to Section 3.2 of your textbook, which explains Porter’s Five Forces Model. Additionally, watch the video link listed in the resources section of this workshop. The video is an interview with Michael Porter explaining the model.
2. Use the following chart to organize your evaluation to analyze three industries: coffee shops, big-box hardware stores, and automobiles. For each industry, evaluate the strength of each of Porter’s five forces, as well as complements, by filling in a chart for each. Articulate why you feel a particular force is high, medium, or low and why. Refer to Exhibit 3.4 to guide your analysis of whether a force is high.
3. avigate to the threaded discussion below, submit your completed chart and answer the following questions:
   1. After your overall assessment of the three industries, which one is the most profitable and which one is the least profitable? Explain your rationale for the ranking. Defend your answer with a comprehensive evaluation that demonstrates clear, insightful critical thinking.
   2. Has this ranking changed over time? How? For each industry, which forces do you expect to change in the future? Explain why. Defend your answer with a comprehensive evaluation that demonstrates clear, insightful critical thinking.
4. Your initial response should be 200 to 300 words in length, include two academic resources that are properly cited

Industry Forces

High? Medium? Low?

Why?

Threat of new entrants

Power of buyers

Power of suppliers

Power of substitutes

Rivalry among competitors

Complements

1. Navigate to the threaded discussion below, submit your completed chart and answer the following questions:
   1. After your overall assessment of the three industries, which one is the most profitable and which one is the least profitable? Explain your rationale for the ranking. Defend your answer with a comprehensive evaluation that demonstrates clear, insightful critical thinking.
   2. Has this ranking changed over time? How? For each industry, which forces do you expect to change in the future? Explain why. Defend your answer with a comprehensive evaluation that demonstrates clear, insightful critical thinking.
2. Your initial response should be 200 to 300 words in length, include two academic resources that are properly cited,