Two pages ,single-spaced, business block format, 12 point Times New Roman font •PLEASE READ THE ARTICLE TO WRITE ASSIGNMENT.Address the following:• Thesis – identify the central lesson the author is...

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Title: The Five Competitive Forces That Shape Strategy
Contents
Thesis: Information conveyed by the Author    3
Central Pillars covering the Article    3
Learning Outcome 1    3
Learning Outcome 2    4
Learning Outcome 3    4
Discussion on the Impact on the Future Managers    5
Conclusion    6
References    7
Thesis: Information conveyed by the Author
The organizational structure of industry concerning Porter's five forces is responsible for industrial competition in the market. The internal structure is also responsible for earning profit from the company. The outline of these five forces varies from one type of industry to another. The characteristics of economic and technical conditions are used to determine the strength of each competitive factor.
Central Pillars covering the Article
Learning Outcome 1
Industry Structure Drives Competition and Profitability, Not Whether an Industry is Emerging or Mature, High Tech or Low Tech, Regulated or Unregulated
The structure of any industry has been driving the competition of the industry with another industry in the global market. Competition is not dependent on the maturity of the company. Existing companies have advantages of entry barriers rather than new entrants. In this case, the company operates on the Supply-side economies of scale. Here the organisation produces more units in larger volumes and the company expands lower costs per unit of production. The Demand-side benefits of scale are also known as a network effect in the business economy. The value of the company's products or services is increased with the number of buyers of its products or services. As stated by Porter, strong financial support is required to develop a business or production purposes in the market. Existing organisations prefer to invest a huge amount of financial resources for maintaining the level of competition with new entrants in the market. The financial support is required for fixed facilities, build inventories, customer credits and fund for start-up losses. Securing the distribution channels for selling products or providing services is a big challenge for new entrants. Sometimes, there is a barrier to reach the distribution channels, thus new entrants create bypass distribution channels for creating higher competition level.
Learning Outcome 2
Rivalry is especially destructive to profitability if it...