Journal 1 Five Force Model

Question Set:

Please work on the following tasks.

(1) Explain the concept of the five forces model. Why this is considered important for effective strategic formulation (How we can use this model for strategic formulation)?

(2) Find and explain several conditions that will cause high rivalry among competing firms in the fast food industry.

Remember to write sufficient amount!

Reference

David, Fred., and David, Forest. (2015). Strategic Management, A Competitive Advantage Approach (15th Ed.). Saddle River: Pearson Education, Inc