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Describe One Major Limitation of Each of the Following Models

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Describe one major limitation of each of the following models for competitive analysis: the five forces model, the strategic groups model, and the industry life cycle model. Does the existence of these limitations mean that the models are not useful? Why or why not?


Definitions:

Embedded Computers

Systems specifically designed to perform a dedicated function or functions within a larger system.

Virtual Reality

A computer-generated environment that simulates a realistic experience, immersing the user through interactive hardware and software.

Artificial Intelligence

The simulation of human intelligence by machines, designed to perform tasks that typically require human intelligence.

Virtual Reality

A computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real or physical way through special electronic equipment, such as VR headsets.

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