Final answer:
The Industry analysis model doesn't include firm resources since it is more concerned with the industry's external competitive environment, as characterized by Porter's Five Forces, rather than internal company capabilities.
Step-by-step explanation:
The Industry analysis model derived from Industrial Organization theory usually encompasses several factors that determine an industry's profitability. These factors are commonly identified in Michael Porter's Five Forces framework and include the threat of substitutes, the power of buyers, the intensity of competitive rivalry, and the power of suppliers. The model does not typically consider firm-specific resources as a contributing factor to industry profitability within this context, as firm resources pertain more to a company's internal capabilities and strategic choices rather than the structure of the industry in which a company operates.