[SOLVED] The relationship between social responsibility of a corporation and its competitive advantage
Help me study for my Management class. Im stuck and dont understand.
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 (Figure 4.2- Ch4- Slide no 18) and the text relative to Porters 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?