Week 6 Reading Reflection

1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations? 

What truly stood out to me was the fact on how influential government policies can be for companies interesting in introducing new products, or a new company introducing itself to the market in general. Rules and regulations really do effect the potential strategies that can exist in the competitive market. 

2) Identify at least one part of the reading that was confusing to you.

          What was confusing to me was the section on strategic action. The article during this section was talking about the ways, “a company can improve its strategic posture by finding suppliers or buyers who possess the least power to influence it adversely”. You see, I am not very knowledgeable about the whole suppliers and buyer’s dynamic, and even less on the power influences that exist between them. So this section was difficult to understand do to my lack of knowledge on the subject.  

3) If you were able to ask two questions to the author, what would you ask? Why?

          Well I would first ask to describe some examples on the power dynamic between buyers and suppliers because I do not really know anything about that. Secondly, I would ask if the author could elaborate more on the section about “influencing the balance” between industry competition because it was a bit vague and once again, I do not know much about it.

4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

          I cannot really disagree with the author, I was really out of my comfort zone and area of knowledge with this topic. I suppose I would like to hear more about the ideas from the author about what they think to the question, “what is the potential of this business?” Because that seems like a difficult and highly opinionated answer to have.