Business Finance Homework Help

To prepare for this Assignment, review “State Farm Adjusts to a Changing World” on pages 17-18 of Dyer, Godfrey, Jensen, and Bryce (2020), and complete a personal version of the Strategy Tool provided on page 39-42 of the text. Be sure to consider the potential impact of the Five Forces as a tool for shaping industry competition and strategy development.

By Day 7

Submit a 3- to 5-page analysis of the influence of market selection in business strategy development. Your analysis should address the following:

• What is the intensity of rivalry—high, medium, or low—within the industry? Explain your answer using the Rivalry Strategy Tool.
• What is the intensity of supplier power—high, medium, or low—within the industry? Explain your answer using the Rivalry Strategy Tool.
• What is the importance of correctly identifying and choosing a firm’s industries and markets? Justify your answer with at least one example.
• How does accounting for gaining and sustaining competitive advantage impact the success of business strategy development? Explain.

Link for textbook where “State Farm Adjusts to a Changing World” is found:

https://bncvirtual.com/vb_home.php?account_action=login&CSID=2QBZQUABOMMWQD2QOADUCUSMB&FVCUSNO=35038

Login info:

Username: Tnsmith0374@gmail.com

Password: Kingzulu03

After you login, click “View your digital content” which is located on the right and the name of the book is called Strategic Management: Concepts and Cases.

It is mandatory that the citations from the articles for the paper come from the library listed below. You can use outside scholarly sources also, however, like i said it is mandatory that a majority of the citations come from there.

Login to access Library link: https://academicguides.waldenu.edu/library

Username: tierra.green@waldenu.edu,

Password: Jaguar14!!

The template that must be used it attached