market selection in business strategy development
Submit a 3- to 5-page analysis of the influence of market selection in business strategy development
Submit a 3- to 5-page analysis of the influence of market selection in business strategy development. Your analysis should address the following:
- What is the intensity of rivalry—high, medium, or low—within the smartphone manufacturing industry? Explain your answer using the Rivalry Strategy Tool.
- What is the intensity of supplier power—high, medium, or low—within the smartphone industry? Explain your answer using the Rivalry Strategy Tool.
- What is the importance of correctly identifying and choosing a firm’s industries and markets? Justify your answer with at least one example.
- How does accounting for gaining and sustaining competitive advantage impact the success of business strategy development? Explain.
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This industry has a very high intensity of rivalry due to the large numbers of commercial rivals who are balanced in the same way. The market in this industry is said to have significantly reduced following its recent prosperity (Giachetti and Dagnino, 2014). This has hence increased the stress for companies to poach clients from their rivals. Every company is compelled to make…
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