What is the intensity of rivalry—high, medium, or low—within the smartphone manufacturing industry? Explain your answer using the Rivalry Strategy Tool. • What is the intensity of supplier power—high, medium, or low—within the smartphone industry? Explain your answer using the Rivalry Strategy Tool. • What is the importance of correctly identifying and choosing a firm’s industries and markets? Justify your answer with at least one example. • How does accounting for gaining and sustaining competitive advantage impact the success of business strategy development? Explain.
