Which of the following statements in relation to the Five Forces framework is correct?
A. The framework assists in developing a broad perspective on the environment within which an organisation is operating.
B. It is not appropriate in public sector management.
C. The framework is a means of identifying the forces which affect the level of competition in an industry or sector.
D. The framework identifies the major stakeholders of an organisation.
Answer:C
Which of the following statements in relation to the Five Forces framework is correct?
A. The framework assists in developing a broad perspective on the environment within which an organisation is operating. B. It is not appropriate in public sector management. C. The framework is a means of identifying the forces which affect the level of competition in an industry or sector. D. The framework identifies the major stakeholders of an organisation.