Discussion 2 – Porter’s 5-Factor Model
Wk 6 Discussion 2 – Porter’s 5-Factor Model
lease refer to the resources provided on CDS Central. They are intended to help you engage effectively on the discussion board.
Write a 250- to 300-word response to the following:
Discuss the external factors that impact organizations when expanding globally. How could you use Porter’s 5-Factor Model to formulate strategies for global expansion?
Include your own relevant experience as well as 2 citations that align with or contradict your comments as sourced from peer-reviewed academic journals, industry publications, books, and/or other sources. Cite your sources using APA formatting. If you found information that contradicts your experience, explain why you agree or disagree with the information.
Strategic Management, Ch. 3, 5, and 6 (Optional)
Review Ch. 3, “The External Assessment,” Ch. 5, “Strategies in Action,” and Ch. 6, “Strategy Analysis and Choice” to review information about turning opportunities and threats into competitive advantage.
Aritz, J., Walker, R., Cardon, P., & Zhang Li. (2017). Discourse of leadership: The power of questions in organizational decision making. International Journal of Business Communication, 54(2), 161–181.
Peters, J., & Smith, P. (1998). Learn to ask the right questions. Journal of Workplace Learning, 10(3), 169-172.
Note: We do our best to ensure these citations are correct within our system’s constraints. We suggest checking your citations to make sure they meet current APA standards.
APA Style: Reference Examples This link opens in a new window
Sean Tolbert, Dsl
This week we are continuing our examination of external factors. As we are conducting an External Factor Evaluation (EFE) I would like to start by discussing the types of factors that should be considered when developing an EFE matrix. David et al. (2020), stated that “an External Factor Evaluation (EFE) Matrix allows strategists to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information” (p.78). David et al. (2020) then went on to discuss two ways to identify the trends that make up these factors. First, you can use any one of a number of references provided in the textbook (or elsewhere) to find current trends. Second, you can use forecasting to identify potential future trends.
How do you think that these two types of trends can complement one another in an EFE?
Answer preview to Discussion 2 – Porter’s 5-Factor Model