Which of the following was designed to help managers analyze the competitive environment and adapt to or even influence the nature of competition?
A)Dell's IdeaStorm
B)Michael Porter's model
C)B2B selling
D)Peter Drucker's theory
E)organizational smoothing

Question

Quizplus · Accepted Answer

Michael Porter's model, also known as Porter's Five Forces, is a widely used tool for analyzing the competitive environment. It helps managers identify the forces that shape the industry and determine the overall level of competition. By understanding these forces, managers can develop strategies to adapt to or even influence the nature of competition. The other options (A, C, D, and E) are not directly related to analyzing the competitive environment.

Which of the Following Was Designed to Help Managers Analyze