SG 5 Internal and External Analysis

Question 1

What are Porter’s 5 forces?

Answer 1

Supplier Power
Buyer Power
Threat of new entry
Threat of subsitution
Competitive rivalry

Question 2

4 lifestyle stages and implications

Answer 2

startup - mostly R&D investment, creating demand. High expenses.
growth - demand increases, competition between fewer companies. expansion and new markets.
maturity - growth slows, well established market. cost control.
decline - business may adapt or die