The article “The Five Competitive Forces That Shape Strategy,” from Harvard Business Review, presents a comprehensive view of how five major competitive forces shape the industry and strategic planning of businesses. Each force has specific ways that shape competition, which may influence strategy.
Write and Submit a 1,050-1,750 word paper on the relationship between IT and a company’s competitive advantage or strategy. Include in your analysis how IT is intertwined with the effects of Porter’s “Five Forces” on competition in a company’s industry.
Identify and briefly describe five specific areas where IT represents a risk to a company’s competitive advantage, including how IT affects these risks/advantages.
Identify and briefly describe five specific areas in which IT may support or promote a company’s competitive advantage, including how IT affects these advantages.
Select a disadvantage you identified, and provide a detailed scenario of how it would occur, and what steps might be taken to reduce the risk.
Select an advantage you identified, and provide a detailed scenario of how it could be leveraged to improve a company’s competitive advantage.
Format your paper according to APA guidelines, including at least two cited references in your paper. Write the paper in third person voice.
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