Sunday, February 14, 2016

Week 6 Reading Reflection

1) 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? 
 I was surprised to learn that suppliers have bargaining power when it comes to competition. This may be because I have no knowledge in this area, but it was surprising to me and stuck out in the reading.
2) Identify at least one part of the reading that was confusing to you.
 The differences in industry profitability was a difficult concept for me to understand. I didn't quite get the range of capital. It could go into the negatives or be up to 50%. I still don't really get this. 

3) If you were able to ask two questions to the author, what would you ask? Why?
 Can these five forces be generalized to encompass all businesses? How do you eliminate your competitors through mergers and acquisitions specifically?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I felt that the author was very knowledgeable and knew what he was talking about. I personally don't really know anything about industry, so I don't really have anything to disagree with. It was a very informative article and has given me much insight into this sector of business. 

1 comment:

  1. Great blog post! Interesting questions to ask the author, I am curious as to what the author would say. Keep up the great work!

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