Q In order to chart a company's strategic course wisely, managers must first develop a deep understanding of the company present situation. This assignment offers you the opportunity to examine the external or internal environment of your company or a company of special interest. Write a 525- to 700-word paper using a minimum of 2 scholarly sources. In your own words identify, analyze, and assess the following: • Chapter 3, page 83 • Exercise for Simulation Participants • Questions 1 through 4 • Double Space • 12 fonts minimum • Include key concepts from (Chapter 3) • Format your paper consistent with APA guidelines. Note: Reference the textbook for this assignment • Submit your assignment

Q 1. Which of the factors listed in Table 3.1 might have the most strategic relevance for your industry? 2. Which of the five competitive forces is creating the strongest competitive pressures for your company? 3. What are the “weapons of competition” that rival companies in your industry can use to gain sales and market share? See Table 3.2 to help you identify the various competitive factors. 4. What are the factors affecting the intensity of rivalry in the industry in which your company is competing? Use Figure 3.4 and the accompanying discussion to help you in pinpointing the specific factors most affecting competitive intensity. Would you characterize the rivalry and jockeying for better market position, increased sales, and market share among the companies in your industry as fierce, very strong, strong, moderate, or relatively weak? Why?