How can Porter's Five Forces help in identifying strategic opportunities?

Porter's Five Forces is a framework that helps businesses understand their position in the industry. It can be used to identify potential threats and opportunities, assess the competitive intensity, and determine the attractiveness of an industry. It can also be used to develop strategies to gain a competitive advantage. The five forces include the threat of new entrants, the bargaining power of buyers, the bargaining power of suppliers, the threat of substitute products or services, and the rivalry among existing competitors.

A case study can help in risk assessment and management by providing a detailed analysis of a specific situation or scenario. It can highlight potential risks, their impacts, and how they were managed or mitigated. This can provide valuable insights and lessons that can be applied to similar situations in the future, thereby aiding in risk management.

Not using a structured case study in business can lead to a lack of understanding of the business environment, market trends, and customer behavior. It can also result in missed opportunities for improvement and growth, as well as potential risks and challenges. A structured case study provides a systematic approach to analyzing a business situation, which can help in making informed decisions and strategies.