ACC/CIS/MGT 450 Writing Assignment #1 Evaluate an industry using Porter's Five Forces Model. Select an industry from the list below and describe the relative attractiveness of entering that industry. Be sure and discuss all five forces in relation to your choice. Also, include examples of how technology may have changed some of the forces' effects on the industry you have chosen. Choose one of the following industries to discuss: movie rental or book selling.Make sure you understand the concept of “supplier power” as this concept has been elusive to many students in past semesters. The book describes it as “opposite” of buyer power. But don’t bother describing it back to me in that way unless you really understand it yourself. When writing, consider yourself as the business owner. Suppliers are those who provide you with products to sell to consumers. Low supplier power means that there are many suppliers of products that your company wishes to sell, and because there are many of them, they don’t have much power over you (the business owner).
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Management, business owner, Porter five forces analysis, supplier power