With a deep understanding of the competitive environment within the industry, firms make sound strategic decisions leadi

[answerhappygod]

With a deep understanding of the competitiveenvironment within the industry, firms make sound strategicdecisions leading to innovation and position in the industry. Inregard to your understanding of industries in Capstone simulation,explain the five forces model of Michael Porter.
b. Due to the ever-changing outside environment withinthe industry, firms’ internal resources and capabilities offer amore secure basis for strategy. With this background, explain abrief about Porter’s value chain.
c. With your understanding of products and theirproduction in the Capstone Simulated environment, explain thedrivers of cost advantage.
d. Ikea’s value proposition is to provide good designsand functions at a low price. It does not meet all the needs of allthe customers. This directs toward one of the important concepts ofstrategy. What is that? Explain the reasons for that aspect ofstrategy.
e. Explain cross-functional capabilities andcross-functional integration in the context of your understandingof Capstone Simulation.