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Industrial organization theorists argue that external factors are more important than internal factors to a firm`s...

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General Management

Industrial organization theorists argue that external factorsare more important than internal factors to a firm`s achievement ofcompetitive advantage. Explain both your and their position

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According to Industial Organisation the attractivenes of industry depend on the five forces competition of firms with in thw industry bargaining power of buyers and suplliers threat of new entrant and substitue products External Factors includes legal social economical political and technological changes It helps in coping up with current environment situation by using well developed technology we can use our    See Answer
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