To achieve lower costs and enhance the firm's competitiveness D. The rivalry among competing firms tends to be more intense A. Whether the item being supplied is a commodity or is highly differentiated from supplier to supplier Definition C. Five Forces Analysis, pgs 54-71 a. The bargaining leverage of suppliers is greater when A.
Does the outlook for the industry present the company with sufficiently attractive prospects for profitability? Conditions in the economy at large B. Visit Career Services or Sterne library and talk with Business librarian Jeff Graveline to find the best resource to determine the market size for your industry. When newcomers can expect to earn attractive profits Definition E. Which of the following is not one of the five typical sources of competitive pressures? When incumbent firms are likely to launch competitive initiatives to strongly contest the entry of newcomers B. Whether industry driving forces are strong or weak E. Strong buyer loyalty to existing brands D.
Which of the following is not an appropriate guideline for developing a strategic group map for a given industry? When sellers' products are weakly differentiated, making it easy for buyers to switch to competing brands E. Whether certain customers offer sellers important market exposure or prestige B. The input being supplied is a commodity. The strategies, action plans, and budgets are all steps in the process that effectively communicates how you will allocate time, human capital, and money to address the priority issues and achieve the defined objectives. How many strategic groups the industry has and which ones are most profitable and least profitable D. The information contained herein has been obtained from sources believed to be reliable.
Which of the following is not a relevant consideration in identifying an industry's dominant economic features? The real payoff for strategy making comes when managers draw conclusions about A. Strategic groups are not to be confused with which are internal strategies and do not reflect the diversity of strategic styles within an industry. B the threat that firms outside the industry will decide to enter the market. When buyer demand is growing rapidly Term 53. Which rivals badly need to increase their unit sales and market share and what new offensive initiatives are they likely to employ? Whether buyers pose a major threat to integrate backward into the product market of sellers D. Increasing globalization of the industry and product innovation C. Industry rivals tend to experience weak competitive pressures from substitute products when A.
In this way, you can also consider the important factors affecting other organisations in your specialist sector perhaps health or social care , or for your field of operation perhaps crime prevention or victim support. An increase in the prices of substitute products D. Most importantly, economists have said that there is strong growth potential in this industry and the American Industry should remain the leader for at least another decade. Which one of the following is not a factor that affects the strength of supplier bargaining power? Jeannet and Schreuder 2015, pp. New Internet technology applications, new government regulations, and significant changes in government policy toward the industry D.
Strategy is the direction and scope of an organization over the long term which achieves advantages for the organization while business model refers to how the firm will generate revenues or make money. Technological factors and governmental regulations and legislation D. To ensure the plan performs as designed, you must hold regularly scheduled formal reviews of the process and refine as necessary. A which competitor has the best strategy and which competitors have flawed or weak strategies. Whether winning the business of certain customers, offer a seller important market exposure or prestige B.
Changing societal concerns, attitudes, and lifestyles — There are several groups of people who are changing attitudes and lifestyles in the world that affect the medical service industry. B be aimed at those market opportunities that offer the best potential for both profitable growth and competitive advantage. The reasons why a company opts to expand outside its home market include p. Geographic coverage and degree of vertical integration B. Which of the following is not a typical reason for companies to expand into the markets of foreign p.
It's important not only to think about who these other players are, but also about the marketplace you each work in and how this could affect your future strategies. D Which rivals are likely to enter new geographic markets or expand their product offerings so as to enter new market segments where they currently do not have a presence? First locate X, then Y, then place the appropriately sized circle or figure. Competitive pressures associated with the threat of entry are greater when A. Product quality and product line breadth D. When industry members are struggling to earn good profits C.