Follow the following YouTube link to view the video (Must watch video):
ECON 125 | Lecture 24: Michael Porter – Strategy
Based upon the content of the video and your own professional business experience, what is “strategy”. How are Porter’s Five Forces a component of strategy development. Do you believe most business leaders truly understand the concept of a strategy or do they simply call their business plan their “strategy” by default? Support your position with research.
Students are required to use APA Style for their references and sentence structure. For APA resources and examples, see the following hyperlink: https://owl.english.purdue.edu/owl (Links to an external site.)Links to an external site. . Additionally, course files and links are provided to assist you with APA.
Your work should include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title and the date. Your work should be 3-5 pages not including the cover page and reference.
Margins: 1 inch margins all around
Font: Times New Roman or Arial
Font Size: 12 Pt.