Ask an Academic

The Porter’s five forces model helps companies to see broader view on industry’s condition.

A business is an organization where goods and services are exchanged for money.

There are three levels of management generally found in an organization: corporate-level management, business-level management and Functional level management.

Strategic planning is main critical part of business for long term success.

Question: What is competitive advantage, and how does it relate to a company’s business model? Answer: Competitive advantage occurs when a company’s profit growth and profitability is higher than the average of other companies under same categories who has similar Customers. It is a performance of different activities/strategies then rivals in order to achieve desire …

A PEST analysis looks at the external environment of an organization.

Strengths and weakness are internal, whereas opportunities and threats are external.