Strategic Groups in the Music Industry
1. Answer the following questions in 150 words each. Identify three strategic groups in the music industry and analyze their strategies using an example firm. Identify the strengths of California for a music firm, using Porter’s diamond framework. Create three PPT slides on the following, using SmartArt to support with your PPT slides. What strategic grouping and geography benefits may a Hollywood-based music firm accrue through partnerships with the music firms in (a) New York, as the financial hub, (b) Boston, as the biotech hub, (c) Silicon Valley, as the sustainability hub, and (d) Washington, D.C., as the political hub?