Week 6 Reading Reflection

One of the things that I hadn't though about was the power suppliers could have over different industries. I guess I always assumed the suppliers and buyers would want to closely work together to make an efficient system, but suppliers compete with their own industry so they would be treated similarity.

So buyers have power over industries obviously. However I don't see how consumers can operate just like industry buyers, because they don't have the same organization that companies would.

This section talked a lot about how to tell if an industry is good or bad to get into for a company. I do want to know how much control a businesses has over the industry it exist ion?  I would also ask the author how you effectively gauge an industries viability if that industry doesn't exist yet? 

I feel that even though it is extremely unlikely, a business could come into a "bad" industry with the correct strategy and do really well.