QUESTION/ TASK 2

OBJECTIVE:

BBPS4103: The objective of this assignment is to enhance individual learners’ skills, knowledge, and understanding in generating effective and efficient strategies.

REQUIREMENT:

An industry is defined to be a group of sellers who produce similar types of goods or services. Select an industry that you are familiar with. For example, Construction Industry, Electrical & Electronics Industry, Telecommunications Industry, etc.

Applying your understanding of the Five Forces Model, evaluate and discuss the industry of your choice. Your evaluation needs to also discuss in detail the usefulness and limitations of applying the Five Forces Model in formulating corporate strategy. From your findings, suggest strategies that a company in your chosen industry can implement to have a sustainable competitive advantage.