Question: Discussion Prompt A firm must continually evaluate the external environment in which it competes. Chapter 2 discusses several techniques and methods used to evaluate the
Discussion Prompt A firm must continually evaluate the external environment in which it competes. Chapter 2 discusses several techniques and methods used to evaluate the external environment. Porter's Five Forces model, or an extension of it, is used to maluate an industry as a whole. As discussed in Chapter 2 one of the extenvions is the additional consideration of the power of complementors. En recent years independent restaurant delivery services have grown in populariy and utilization fi.e. GrubHub, DoorDash, etci as opposed to pizza Ahtivery sefyices by Pizza Hut, Doeminos, Papa johris, etci. tndependerit restaurant delivery is a complementary service to restaurants. In the context of a Porter's Competitive Forcess analysis, consifer whether the power of these conplementors is a weak or strong competitive force from the standpoint of the restaurant industry. Was it a weak or strony competitive force before Covid-19? is it a weak or strong competitive foece now? is the relative strength stronger or weaker now compared to betore Covid-19? Do not confuse the strength of the food delivery industry with the strength or power of the competitivit force of the food delivery industry on the iestaurant industry. Review section 2.3f Complementors of oor textbook corefully, fn particular, in the first full paragraph on page 54 iminediately alter the feference to endnote 12 the text states "When complements are an important determinant of dermand for an industry's products. The remainder of this paragraph is dependent on the condition or circumstance that the complements are an important determinant of demand for the complemented industry. In the remainder of the paragraph when you read industry be sure to de termine whether the text is referring to the industry of the complerentors or the infustry to which the complementors consplement. You absolutely must substantiate your responses to these questions with internal citations and end references. Unsubstantiated responses and opinions will not receive any credit (i.e, the rubric wil not apply. Responses without both APA Style 7th Edition internal citations and end feference will not receive any credit
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