5. Using a recent news article, identify a trend that has a positive and negative implication for a particular industry. Discuss the trend and the possible implications for strategic change. (10 points) 6. Competition: (10 points) a. Define and discuss Porter's Five Forces. b. Then imagine you are the president of your college or university. Which of the five forces would be most important to you? Why? 7. Competitive Advantage: (10 points) a. What tangible and intangible resources does your favorite restaurant have that might give it a competitive advantage? b. Do any of the resources or capabilities of your favorite restaurant have the four qualities of resources (VRIO) that lead to success as articulated by resource-based theory? 8. Intellectual Property: (10 points) a. What is intellectual property? b. What type of intellectual property provides the most protection for firms? c. Why do organizations wish to protect intellectual property