Write a short paper while answering the following questions.
1. Define Porter’s competitive forces model and explain how it works. Explain the four competitive strategies enabled by information systems that firms can pursue.
2. Describe how the internet has changed competitive forces and competitive advantage for a specific company in an industry you choose.
3. Define the value chain model. Explain how the value chain model can be used to identify opportunities for information systems.
4. Explain how information systems promote synergies and core competencies that enhance competitive advantage for a specific company.
5. Explain how a company may take advantage of network economics.
6. Define virtual company, describe an example of virtual company and the benefits of pursuing a virtual company strategy.