Legalshield Pre-paid Legal Services Essay
industry. In this regard, Kermally reports that, “In order to construct a competitive strategy, an organization needs to know what is likely to happen in the markets in which the organization delivers its products and services. It also has to know who its competitors are in a particular industry structure” (2003, p. 58). While every enterprise is unique, all companies must make informed decisions concerning how the economic value it creates is allocated (Porter, 2008). Created value can be siphoned away by rivalry between existing competitors as well as exchanged through the power of consumers or suppliers (Porter, 2008). In addition, created… Continue Reading...