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As an international business manager, identify Michael Porters five forces of competition and explain how each of them will be of relevance for foreign business.

“Successful international business strategy requires a thorough understanding of the unique values that will be a source of competition advantage to the firm.”a. As an international business manager, identify Michael Porters five forces of competition and explain how each of them will be of relevance for foreign business. (10 marks)b. Explain why Porters strategy framework may fail to adequately address the dynamics of 21st century. (10 marks)

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