Analyzing the external environment is a critical step in recognizing and understanding the opportunities and threats...

Analyzing the external environment is a critical step in recognizing and understanding the opportunities and threats that organizations face.
Assuming that you are strategy specialist, take business environment of one of those countries : (Bahrain, Lebanon, Oman, Jordan, Kuwait, Egypt, Saudi Arabia, and Sudan) as the focal point-

When you analyze industry environment of one of them, you come up with the following findings:
• Many companies/organizations file legal disputes in industrial courts with issues related to competition and rivalry.
• Potential companies delay and take too long to enter markets.
• Existing firms struggle to survive amidst cut-throat competition
• Severe shortage of supplies of raw materials etc. in the market
• Substitute/duplicate products have flooded the market etc.

Required:
2. Suggest and critically discuss four key strategies that can help firms to survive in the above industry environment. (500 words)

Expert Solution

Rahul Sunny answered 2 years ago

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