COGNITION
THINKING CONCEPTS AND CREATIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a step in the Force Field Analysis?
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Define the problem
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Define the change objective
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Identify the driving forces
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Identify which supplier can be substituted
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Explanation:
Detailed explanation-1: -Political factor is not one of the Porter’s five force factor.
Detailed explanation-2: -Complementary products is not a force in the Porter Five Forces model.
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.
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