Critical thinking 1: Strategy & Industry Analysis

ü  Support your submission with course material concepts, principles, and theories from the textbook along with at least two scholarly, peer-reviewed journal articles.
ü A mark of zero will be given for any submission that includes copying from other resource without referencing it. 
ü  Write at least 4-5 pagesin length, excludingthe title page, abstract and required reference page, which are never a part of the minimum content requirements.

Choose aSaudi or Middle Eastern company and answer the following questions: 
1. Examine the performance of your chosen company in relation to the following four characteristics of successful strategies. 
a. Clear, consistent, long-term objectives. 
b. Profound understanding of the environment. 
c. Objective appraisal of resources
d. Effective implementation
2.  Review the figure 2.3from your textbook and the relative text about Porter’s five forces of competition framework and assess the power of each of five forces on your chosen company by answering the following questions: 
a. What is the level of competition in your company’s industry?
b. How easy is it to find an alternative to your company’s products and services?
c. How powerful are your company’s buyers and suppliers?
d. What’s the threat of new businesses starting in this industry?