Strategic Management Porters Five Analysis for Starbucks Case Study The Porter’s Five Analyst. Discuss Porter’s five force model discussed in Chapter 2–relative to the industry of the company we are studying. Identify all five elements of the model and provide an explicit and definitive stance for the organization we are studying this week. Understand that companies belong to an industry. For example, Delta Airlines belongs to the airline industry. The cost of new entrants to the airline industry is HIGH because it is too expensive to enter into this industry and compete with well- established airlines. If Troy were to launch Trojan Airlines, I do not think it could compete against Delta. In your analysis, you will discuss each of the elements, indicate your stance, and share any and all information that supports the given stance. (Minimum two resources: textbook and one additional source) The case from the text will be attached later.Here is a video about Porter’s Five Analysis: https://www.youtube.com/watch?v=fsClL9ytlgEWe use the word “industry” as an umbrella term to classify organizations based upon the products and/or services they offer. Each business operates within a given industry. Banking, Airlines, Education, Retail, and Entertainment are different types of industries. For example, businesses that sell products or services related to insurance would belong to the Insurance Industry—State Farm, Progressive, Nationwide, Aflac, Prudential, etc. The video posted above provides detailed information on conducting an analysis.In your deliverables, I want to emphasize the importance of explicitly providing a definitive stance regarding each element. First, you need to state whether it is LOW, MODERATE, or HIGH.Then, provide information that supports your stance. You must find information from sources—including academic sources. Please remember to cite your sources and provide appropriate references.