What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
The article brought up an interesting point in "why a fast-growing industry is not always a profitable one, how eliminating today’s competitors through mergers and acquisitions can reduce an industry’s profit potential". If I recall correctly it is taught in Economics classes that when companies are first founded, they're most profitable because the low competition.
Identify at least one part of the reading that was confusing to you.
The charts on profitability seemed strange because I've interpreted it as a very abstract and subjective measure, but I suppose they do solidify the evidence.
If you were able to ask two questions to the author, what would you ask? Why?
1) How come only 5 points?
2) Does this still apply today because it was created in 1979?
Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I think that it would be wise to examine Porter's theories in today's more modern society in order to count for any new variables.
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