External Environment Analysis session long project 2 strategice Essay

External Environment Analysis session long project 2 strategice focal point 599 - Essay ExampleThe link below is an example of the clothing industryMichael Porter has devised a framework which provides a better understanding of the industry and how companies foot be affected by forces within the markets. The five forces that he has described are a) Threat of new entrants, b) Determinant of buying power, c) Threat of substitutes, d) Determinants of supplier power, and e) rival among the firms. This allows a focused and better analysis of the extraneous factors of the industry.a) Themanager.org This website provides a clear definition of the Porters Five Force model and gives a profound and clear understanding of each and every point of the analysis. This piece of tail be retrieved from the following website http//www.themanager.org/Models/p5f.htm. This site is more detailed and helps understand the topic in a deeper manner.b) Marketing Teacher.com This website provides students w ith all the concepts of marketing and helps business students to a great extent as it allows a simple explanation of all the topics making it simpler for all students. This can be accessed from the following link http//www.marketingteacher.com/Lessons/lesson_fivefoces.htm. This website is very simple and to the point form of explanation of the topic.This analysis is to provide for a better understanding of the major external elements that affect the performance of a company. This highlights the major elements like the political, economical, social and also the technological factors that can cause any affect to the companys performance.a) NetMBA.com exchangeable to the marketing teacher website, this website also provides business students with a chance to learn the concepts in a simple and straight forward manner. The language is simple and the explanation is very helpful to deepen the knowledge of the topic. The website can be retrieved from http//www.netmba.com/strategy/pest/.b) QuickMBA The second reference that can be