Market Selection & Five Forces Strategy Tool

    Market Selection & Five Forces Strategy Tool   Michael Porter, a world-renowned strategy professor at Harvard, recognizes five forc that form the profit-maid ng potential of the average organization. Porter’s Five Forces Analysis allows organizations to more closely examine external forces that may impac profitability and that are closer to the specific organization- Taken together, the results of these analyses provide a comprehensive picture of the external environment of the organization. To prepare for this Assignment, review “Nokia and the Smartphone Industry” on page 22 of Dyer, Godfrey, Jensen, and Bryce (2016), and complete a personal version of th Rivalry Strategy Tool provided on page 41 of the text- Be sure to consider the potent’ impact of the Five Forces as a tool for shaping industry competition and strategy development. Submit a 3- to 5-page analysis of the influence of market selection in business strateg development. Your analysis should address the following: o What is the intensity of rivalry-high, medium, or low-within the smartphone manufacturing industry? Explain your answer using the Rivalry Strategy Tool- 0 What is the intensity of supplier power-high, medium, or low-within the smartphone industry? Explain your answer using the Rivalry Strategy Tool- 0 What is the importance of correctly identifying and choosing a finn’s industries and markets? Justify your answer with at least one example. 0 How does accounting for gaining and sustaining competitive advantage impact the success of business strategy development? Explain- Note: Dear writer Please don't write in third person- Paper must be written on a scholarly level, I'm a doctorate student. All bullet questions must be answered thoroughly-