BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SWOT.
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Competitor Profiling.
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Five Forces Model.
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Market analysis.
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Detailed explanation-1: -the most widely used tool for diagnosing the principal, competitive pressures in market is the five forces model of competetion (porter, 1979) using the case of under Armour.
Detailed explanation-2: -A powerful and widely used tool for systematically diagnosing the significant competitive pressures in a market and assessing the strength and importance of each is the Porter’s five-forces model of competition.
Detailed explanation-3: -These forces include the number and power of a company’s competitive rivals, potential new market entrants, suppliers, customers, and substitute products that influence a company’s profitability. Five Forces analysis can be used to guide business strategy to increase competitive advantage.
Detailed explanation-4: -Industry analysis is a market assessment tool used by businesses and analysts to understand the competitive dynamics of an industry.