Posted on by Judy

The most powerful of the five competitive forces is the rivalry amongst current competitors within the industry. Select one: O True False In Covey’s view, the most effective way to “begin with the end in mind is to develop a personal mission statement, which must begin at the very center of our Circle of Influence, that center comprised of our most basic paradigms, the lens through which we see the world. Developing a personal vision or mission statement, of course, has little in common with the process of developing a corporate vision or mission statement. Select one: True False The primay purpose of conducting an external audit or assessment is to identify the opportunities and threats facing the organization, so that it can develop strategies to take advantage of the opportunities and avoid or reduce the threats. Select one: O True O False

1-Answer) True
The most powerful five comparative forces is the rivalry amongst the current competitors within the industry.
Yes it is true and tough to manager by the firms because every competitors looking for business volume or return on investment.
Firm is always concern for acquiring the customer based of his competitors by any means like offering more discount etc. Competitive rivalry is one of the most and tough factor in porter five forces model.
2-Answer) True
Life should have a mission statement and all the performance must be performed according to that vision and mission statement.
Individual must categories its need and wants and it has set target to achieve like company’s target.
Vision and mission statement is only for being individual will more focus on the short term and long target and finally work according to the set target.
3-Answer) True
Primary purpose of external audit or assessment is to kind out firm’s opportunities and threats of market and taking the corrective measure to overcome these threats and planning to enjoy the available opportunities.
Business firms always much focus on these threats and opportunity so that preplanning can be made so that firms can feel the win win situations
 
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