Discuss the relationship between the social responsibility of a corporation and its competitive advantage. Enrich your answer by examples. (Max 700 words).
(Your answers should include outside references (other than the slides and textbook) using a proper referencing style (APA). Using references from SDL will be highly valued.
To prepare for this assignment, review Figure 4.3 entitled ‘forces driving industry competition’ from your textbook ( attached) and the text relative to Porter’s Five Forces of Competition framework. Consider the role of the following key forces of suppliers, substitutes, buyers, and potential entrants.
Select a Middle Eastern company of your choosing and assess the power of each of five forces on that firm:
- How powerful are the buyers, suppliers, and substitutes? How formidable are the barriers to entry and how intense is the rivalry among existing firms?
- Which of the forces has the biggest impact on the firm? Why?