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(Solved): shows Porters five forces of competition in the middle, and the general environmental key factors ...
shows Porter’s five forces of competition in the middle, and the general environmental key factors. Choose one general environmental factor and discuss how it affects each of the five forces, and how it affects organizations.
Social/Cultural Forces Political/Legal/ Regulatory Forces Global Forces BUYER POWER Complimentary Products/Services NEW ENTRANTS COMPETITOR RIVALRY SUBSTITUTES Ecological/Natural Environment SUPPLIER POWER Technology Change General Economic Conditions Demographics
Expert Answer
ANSWER;- The evolution of technology is the overarching component of the environment that I will focus on. Alterations in technology may have a number of distinct effects on the five factors that influence competitiveness. For instance, it may result