Question strategic management exam 2. PORTER'S MODEL HELPS WITH THE STRUCTURAL ANALYSIS OF THE TASK ENVIRONMENT WHICH MEANS TESTING THE COMPETITIVE ENVIRONMENT AND UNDERSTANDING THE FORCES AT WORK. HOW DOES THIS MODEL WORK?

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strategic management exam

Transcribed Image Text: 2. PORTER'S MODEL HELPS WITH THE STRUCTURAL ANALYSIS OF THE TASK ENVIRONMENT WHICH MEANS TESTING THE COMPETITIVE ENVIRONMENT AND UNDERSTANDING THE FORCES AT WORK. HOW DOES THIS MODEL WORK?
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Transcribed Image Text: 2. PORTER'S MODEL HELPS WITH THE STRUCTURAL ANALYSIS OF THE TASK ENVIRONMENT WHICH MEANS TESTING THE COMPETITIVE ENVIRONMENT AND UNDERSTANDING THE FORCES AT WORK. HOW DOES THIS MODEL WORK?
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MUUIHE

Porter's model work by enabling or providing the companies to frame policies and strategies for the company that helps the company to weaker the five forces that porter has enumerated which determines the company growth and profitability. The model that porter has given determines the environment of the company within which it funtions and therefore has to be taken into consideration in all respects to enable company funtions or work efficiently and effectively. The forces such a ... See the full answer