Porter’s 5 Industry Forces

Homework Assignment # 2- Due in Blackboard, Week 3, on 09/18/20 by 11:59pm. This assignment is worth 10pts: 3pts for picture representations; 7 pts for written paper In Chapter 6 of the textbook please review the Porter’s 5 Industry Forces. The PPT presentation of Chapter 6 has a very useful diagram as well. This assignment has 2 parts and is worth 10 points: 1.     Porter’s 5 Industry Forces: Please draw picture representations depicting EACH of the Porter’s 5 Industry Forces; please label each picture so I know which force you drew. You can simply draw on a piece of paper and submit a picture of it, or you can use software to create your drawings and submit it as a file. Don’t worry if you are not an artist. At the same time, the effort, creativity and thought you put forth will determine your grade.   2.     Porter’s 5 Industry Forces: Analyze all 5 of Porter’s 5 Industry Forces. Please write a one to two page paper applying Porter’s 5 Industry Forces to the product selected by your IBC team. If your team has not selected THE product yet, choose one of the products your team in considering. Your paper should be double spaced- typed, 12-point, Times New Roman font. See Syllabus for grading rubric.   REMINDER: Please integrate course concepts to achieve higher grades. Formula: MGMT 300 Course Concept Integration Formula:   1.     State the course concept 2.     Briefly explain the concept from the textbook 3.     Apply the course concept to YOUR interpretation of the subject matter/ personal experience