Please elaborate as much as you can .Subject Global Strategic Management Industry-based view is an area where managers analyze the degree of competitiveness in the industry. When a company knows its industry competitiveness, manager shall align company’s strategy against or parallel with the industry. What does a manager analyze in  “threat of new entrants” and “bargaining power of suppliers” in Michael Porter’s 5 Forces framework?

Principles of Management
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ISBN:9780998625768
Author:OpenStax
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Chapter6: International Management
Section: Chapter Questions
Problem 8CRQ: What is a global strategy? When do companies prefer a global strategy?
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Please elaborate as much as you can .Subject Global Strategic Management

Industry-based view is an area where managers analyze the degree of competitiveness in the industry. When a company knows its industry competitiveness, manager shall align company’s strategy against or parallel with the industry.

What does a manager analyze in  “threat of new entrants” and “bargaining power of suppliers” in Michael Porter’s 5 Forces framework?

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