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January 30, 2023

What is the intensity of rivalry—high, medium, or low—within the industry? Explain your answer using the Rivalry Strategy Tool

General Questions

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.

BY DAY 7

Submit a 3- 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.

**I do not have the textbook, however the text that is reference can be googled online**

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