Q. 1. Describe Michael Porter's Five-Force model, and indicate why many observers regard his paradigm of industry analysis as the most influential model of its kind. Illustrate the relationship among industry analysis as well as corporate strategy?

2. Illustrate the relationship among five-force modeling of an industry also the competitive positioning of a company within an industry. Why is it essential to precede the competitive positioning of a company with the five-force modeling of that industry?

3. Hal Varian in "Information Rules" discusses the emerging importance of 'rights management'. What is 'rights management' and why is this issue of strategic importance to the American economy in the years ahead?

4. What is price versioning? Why has the sophisticated development of price versioning facilitated the customization of services in today's economy?

5. Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years? Why do some firms protest when given this strategic advice in today's economy?