Porter provides the general manager a classic view of the major forces that shape the competitive environment of an industry, which affects firms within the industry. These five competitive forces are shown in Figure 2.3 along witsome examples of how information resources can be applied to influence each force. This view reminds the general
See attach to view Figure 2.3 to do the Assignment….
By learning this concept, students will understand the necessity of a consumer’s problem and a company’s product or service as a solution to that problem.
In 500 words or more, address the following:
Describe how Whole Foods built its competitive advantage.
What IT assets and capabilities does Whole Foods utilize?
Assess Whole Foods’ competitive environment by describing the following five competitive forces:
- The potential threat of new entrants/competitors
- The bargaining power of buyers
- The bargaining power of suppliers
- The threat of substitute products/services
- Industry competitors
This assignment requires the use of at least two additional scholarly research sources published within the last 5 years. Include at least one in-text citation from each cited source.
Prepare this assignment according to the guidelines found in the APA Style Guide.