Apply the 5-Forces to the Food Delivery BusinessUsing Porter’s Five Forces, determine if the food delivery industry (Uber Eats, Postmates, Grubhub, etc.) forces are high or low. Use specific examples per force to support your conclusions.
Hide Full DescriptionPorter’s Five Forces is one of the more important theories in strategic thinking of the past 50-years. Understanding this theory is essential to business leaders. I recommend Magretta’s “Understanding Michael Porter” (available at the LA Library on audio).
Get some practice thinking about the Five Forces by applying it to the food delivery industry (Uber Eats, Postmates, Grubhub, etc.). For each force, determine if that force is high or low. Use specific examples per force to support your conclusions.
Then Seperatly do this on a different document
Define at least 10 terms from this chapter. Here are a few sample terms (this is not an exhaustive list).
- strategic positioning
- operational effectiveness
- sustainable competitive advantage
- business model
- resources (V.R.I.N.)
- straddling
- commodities
- inventory turns
- fast-follower problem
- value chain
- imitation-resistant value chain
- inbound logistics
- outbound logistics
- operations
- scale advantages
- economies of scale
- brand
- switching costs
- lock-in
- differentiation
- network effects
- distribution channels
- affiliates
- NPE (non-practicing entity)
- barriers to entry
- incumbents
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