1. The biggest surprise for me in the reading was learning how much power suppliers have. I always supposed buyers had all of the power because they have the money suppliers want. However the reading taught me that suppliers can be powerful when they exert an influence on the producing industry, for example.
2. One part of the reading that was confusing to me was the part where the author, Michael Porter, illustrated descriptive and analytic models of the industry at a given state. I did not understand the format nor what the author was trying to illustrate to his audience.
3. If I was able to ask Michael Porter two questions I would ask him (1) "what is the biggest difference between buyer power and supplier power?" and (2) "what would you say is the biggest barrier to entry in most markets today?"
4. There was nothing I disagreed with the author on in this article or thought he was wrong about.
No comments:
Post a Comment