I found this weeks reading to be very interesting. The most surprising thing in this article was his discussion on how competition plays a part on business. I thought he did a great job with breaking it down and proving that there is much more to it than just businesses competing against each other. Something that I found confusing was how even when companies merge, they can lose money. I would have thought that they would only increase profits due to their combined work. Overall, I thought the article was pretty straightforward and engaging. I agreed with everything the author said. I thought this was a good article to read for this week!
Some questions I have for the author are:
- Do you think there could more than just those five competitive forces that you mentioned in your article?
- I think this could open up the discussion on whether these are the only five competitive forces or if there are more that we have just not identified yet.
- Which of the five competitive forces is the most important as well as which one is the least important?
- This is important information that could greatly help a business in figuring out its strategy to compete with other businesses.
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