$3.)$ Jackie Cordon leads the strategy team at LaQuintas University $-$ the only university in Clermont, Florida for over the past three decades. However, a new university called Acreage University has just been granted a license to begin operating in Clermont, from the Fall, $2022$ semester. Jackie and her team see this as a direct strategic threat $($or issue$)$ to LaQuintas. Since the higher education sector is known traditionally to be a static industry, $($a$)$ Using the static approach, what is the first analytical step Jackie and her team will have to carry out as they seek to solve his potential strategic issue? $($b$)$ recommend a detailed step$-$by$-$step procedure for carrying this initial analysis out. $($c$)$ what are the two main reasons why this initial step is important?