Question: Question 2 Michael Porter s Five Forces model of competitive analysis is a widely used approach for developing strategies in many industries. a ) Explain

Question 2
Michael Porters Five Forces model of competitive analysis is a widely
used approach for developing strategies in many industries.
a) Explain how this model can be used in developing strategies
in the banking industry in Zambia. (15 marks)
3
b) Discuss the limitations of this model in strategy
development.
(10 marks

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