It is possible for a company to alter the strength of one or more of the five competitive forces in the industry
A) by deferring action indefinitely.
B) by adopting a strong and compelling vision.
C) through proper CEO succession planning.
D) through its choice of strategy.
E) None of these

Question

Quizplus · Accepted Answer

The choice of strategy can have a significant impact on the strength of each of the five competitive forces. For example, by adopting a differentiation strategy, a company can increase its bargaining power with suppliers and customers, thereby weakening the power of those forces. Alternatively, by pursuing a cost leadership strategy, a company can reduce its reliance on supplier power and mitigate the threat from new entrants.

It Is Possible for a Company to Alter the Strength