Strategic Management

Final exam questions. Provide Brief Overview of company Problems and issues. probe out-of-door Biz Environment. Competitive Forces, structure of intentness, what application? world(a) environment- technical school change Cultural trends Economic modality Legal and political conditions Specific planetary events SCP- Structure, Conduct, Performance moulding Industry Structure- Number of Competing firms, Homogeneity of the product, exist of entranceway and put across from the industriousness. Conduct- Refers to strategies that the firms diligence implements. Performance- Performance of individual firms, and performance of the rescue as a whole. Performance- the performance of individual firms, and performance of the saving as a whole. 5 forces model of environmental threats affright of entry- Firms that hit either recently started operating in an manufacture or that threaten to begin operations in an industry in truth soon. #1 Th reat of entry -pg 36 Barriers to entry A) Economies of scale- embodys in an industry when a firms cost capitulation as a intimacy of its brashness of production.

Diseconomies of scale exist when a firms costs rise as a function of its volume of production b) Product differentiation- posses brand identification and node loyalty that spick-and-span entrants do not have. c)Cost advantages independent of scale-propriety technology, managerial know how, gilded access to raw materials, Lurning curve Cost advantages d)Government policy #2 The grapple of rivalry pg 42- opposition threatens firms by reducing economic profits, eg equipment casualty discounts in the airline indust ry, never-ending product introductions in e! lectronics. competitor tends to be high when in that respect are numerous firms in an industry and these firms tend to be roughly the same size. Rivalry tends to be high when industry growth is slow. Rivalry tends to be high when firms are inefficient to differentiate their products. Rivalry tends to be high when production substance is added in large increments, an industry is...If you want to get a full essay, order it on our website: OrderEssay.net

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