Assessing Internal and External Environments

Select ONE (1) of the following questions to answer:
1 – What is meant by the industry life cycle stages and give an example of a company that has moved through the stages.
2 – Explain Porter’s five competitive forces.  What are they and what is their importance? 
3 – What is the meaning of VRIO framework and why is it important?
4 –  What are the two types of benchmarking and when are they used?

Additional Resources:

Internal and External environments

Competition