When completing an industry analysis, it is important to make sure your conclusions are consistent with the actual long-run profitability of the industry. That is, if you conclude that all five forces are intense or high, the average long-run profitability in the industry should be low. O True O FalseResearch done by Henry Mintzberg suggests that strategy formulation is typically an irregular and a discontinuous process. should he [allowed unsweryingly to ensure success of the plan. is a process to which organizations nd they must make signicant yearly changes. should be reviewed after a specific interval of time to make sure it is still applicable. is merely a checklist of actions following a logical process. come it a. According to Porter. to an industry bring new capacity and a desire to gain market share that puts pressure on prices, costs, and the rate of investment necessary to compete. {3 new entrants if; substitutes if; rivals If; suppliers