Question: Ahmed is opening a new restaurant, before he forms a strategy for his business, he would like to conduct an industy analysis as he is

Ahmed is opening a new restaurant, before he forms a strategy for his business, he would like to conduct an industy analysis as he is concerned with the competition intensity. You studied in the Strategic management class that there are 6 elements to consider when conducting an industry analysis as defined by Porter. Help Ahmed to answer the following:

- What are those 6 clements?

- Uve clear explanation/examples for each element considering the (new restaurant context)

200 words

Sara was assigned to conduct an organizational analysis for the travel agency she currently works at. You learned in your strategic management class that VRIO framework of analysis is useful. Explain

It to Sara:

- What is VRIO framework of analysis?

- Explain the meaning of each letter.

200 words

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