Based on particular business of a product or services of your choice, please explain composition of industry parties in the perspective of stakeholders analysis that would be affected and affecting each other in a competitive environment. Please give reason why industrial analysis is important in terms of their relationships as a fundamental study in business strategic management process.

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter1: Exploring The World Of Business And Economics
Section: Chapter Questions
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Based on particular business of a product or services of your choice, please explain composition of industry parties in the perspective of stakeholders analysis that would be affected and affecting each other in a competitive environment. Please give reason why industrial analysis is important in terms of their relationships as a fundamental study in business strategic management process.

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