University of Chicago Qualitative and Case Study Methodology for Business Analysis Paper

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Michael Porter, a world-renowned strategy professor at Harvard, recognizes five forces that form the profit-making potential of the average organization. Porter’s Five Forces Analysis allows organizations to more closely examine external forces that may impact profitability and that are closer to the specific organization. Taken together, the results of these analyses provide a comprehensive picture of the external environment of the organization. .

To prepare for this Assignment, review “State Farm Adjusts to a Changing World” on pages 17-18 of Dyer, Godfrey, Jensen, and Bryce (2020), and complete a personal version of the Strategy Tool provided on page 39-42 of the text. Be sure to consider the potential impact of the Five Forces as a tool for shaping industry competition and strategy development.

Submit a 4- to 5-page analysis of the influence of market selection in business strategy development. Your analysis should address the following:

  • What is the intensity of rivalry—high, medium, or low—within the industry? Explain your answer using the Rivalry Strategy Tool.
  • What is the intensity of supplier power—high, medium, or low—within the industry? Explain your answer using the Rivalry Strategy Tool.
  • What is the importance of correctly identifying and choosing a firm’s industries and markets? Justify your answer with at least one example.
  • How does accounting for gaining and sustaining competitive advantage impact the success of business strategy development? Explain.
  • Be sure to use the APA Course Paper Template .

  • Required Readings
    • Dyer, J., Godfrey, P., Jensen, R., & Bryce, D. (2020). Strategic management: Concepts and cases (3rd ed.).John Wiley & Sons.
      • REVIEW Chapter 2: “Analysis of the External Environment: Opportunities and Threats” (pp. 17-43)
      • Case 05: “Harley-Davidson: Growth Challenges Ahead” (pp. C-56-C-67)
      • Case 09: “Samsung: Overtaking Philips, Panasonic, and Sony as the Leader in the Consumer Electronics Industry” (pp. C-100–C-112)
    • Addams, L., & Allred, A. T. (2013). The first step in proactively managing students’ careers: Teaching self-SWOT,
    • analysis.Links to an external site. Academy of Educational Leadership Journal, 17(4), 43–51.
    • Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard Business Review, 86(1), 78–9

      Optional Resources

      • Ding-Hong, P., Tie-Dan, W., & Chang-Yuan, G. (2014). Integrating nonhomogeneous preference structures in SWOT analysis to evaluate multiple alternatives. Economic Computation and Economic Cybernetics Studies and Research, 48(3), 40–63. Retrieved from http://www.ecocyb.ase.ro/
      • Mbachu, J., & Frei, M. (2011). Diagnosing the strategic health of an organization from SWOT analysis results: Case study of the Australasian cost management profession. Construction Management and Economics, 29(3), 287–303. doi:10.1080/01446193.2010.547865
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