Question Three Answer BOTH the following questions in relation to the case study of British Broadcasting Corporation ("BBC) studied during semester 3: a. Briefly describe Porter's Forces. (50 marks) b. Use Porter's Five Forces model to analyse BBC's competitive environment, identifying the degree of competitive rivalry, customers, competitors, suppliers and potential substitute good and services. (50 marks) Total: 100 Marks Question Four Question Four Social Responsibility is a business's intention, beyond its economic and legal obligations, to pursue long-term goals that are good for society. Explain your understanding of the concept of social responsibility and how managers can organise their organisation to encourage good practice. (100 marks) Total: 100 Marks Question Five Joseph Schumpeter used the term "creative destruction" more than 70 years ago to describe how capitalism builds on processes that destroy old technologies but replaces them with new and better ones. That, in essence, is disruptive innovation. Explain the importance of TWO of the following: product innovation, process innovation, position innovation, paradigm innovation. (100 marks) Total: 100 Marks