Question 2 - 18 Marks Identifying external and internal factors serve as the foundation for strategy formulation and policy implementation in organizations. This assignment is designed to aid you in identifying critical internal and external organizational factors. Focusing on a Caribbean company or organization of your choice, do following: Using Porter's Five Forces Model to identify key elements of each competitive force that can impact the firm Q2(a). Evaluate the importance of each element for the organization Q2(b). Decide whether the collective strength of all the elements combined is valuable for staying in the industry. Q2(C). Based on your responses in Q2 (a and b) and the industry type that the organization operates in, what type of strategy would you suggest the organization implement and why? Question 2 - 18 Marks Identifying external and internal factors serve as the foundation for strategy formulation and policy implementation in organizations. This assignment is designed to aid you in identifying critical internal and external organizational factors. Focusing on a Caribbean company or organization of your choice, do following: Using Porter's Five Forces Model to identify key elements of each competitive force that can impact the firm Q2(a). Evaluate the importance of each element for the organization Q2(b). Decide whether the collective strength of all the elements combined is valuable for staying in the industry. Q2(C). Based on your responses in Q2 (a and b) and the industry type that the organization operates in, what type of strategy would you suggest the organization implement and why