The assignment delves into the effects of the internet of things on industry structure, competitiveness, and business models. It highlights the transformation of competition through connected products and the necessity for companies to adapt their strategic positioning. The document discusses supplier power, the threat of substitutes, and the ability of firms to create competitive advantage in design, marketing, after-sale service, human resources, and security. The summary emphasizes the importance of companies changing their strategy to organizational effectiveness or distinctive strategic positioning.