Five industry forces - Study guides, Class notes & Summaries

MIE 480 Exam 1 Questions and Answers Already Passed What is "Strategy"? Strategy is a set of actions to achieve company objectives. It's a high- level plan on how to achieve objectives (often related to profitability). Company profitability is significantly determined by the: Industry structure; Firm competitive advantage (where we stand relative to other firms) Strategic choice: A strategic choice has a basic structure - 1. Identify the objective or goal. 2. Formulate the alt...

Describe the PESTEL framework for evaluating the impact of external factors on the firm. correct answers Political: government pressures, subsidies + incentives, lobbying, differences in countries Economic: growth rates, interest rates, employment levels, currency exchange Sociocultural: norms, cultures, values, demographics, lifestyle changes Technological: innovation in products/processes, research + development Ecological: global warming, sustainability, pollution Legal: court system, le...

MIS 301 Test 1 Question and answers rated A+ 2024 Chapter 2 - correct answer Porter's Five Forces - correct answer Also known as Industry and Competitive Analysis. A framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of substitute goods or services, (4) the bargaining power of buyers, and (5) the bargaining power of suppliers. Affiliates - correct

CIS 310 Final Exam | Verified with 100% Correct Answers Which of the below is not one of Porter's Five Forces? Manager power Supplier power Threat of substitute products or services Threat of new entrants Why do students need to study information technology? Information technology is everywhere in business Information technology is frequently discussed in business Information technology is frequently used in organizations All of the above. A business strategy achieves a specific set of goals ...

strategy - Answer-a set of goal-oriented actions a firm takes to gain and sustain superior performance relative to competitors strategic management - Answer-combines analysis, formulation, and implementation in finding competitive advantage mastry= view organization as a whole competitive parity - Answer-two or more firms perform at the same level strategic positioning - Answer-position in industry that allows firms to provide value to customers, while controlling costs mission - Answer-...

IBS Exam 2 Questions & Answers 2024/2025 Small and medium-sized enterprises (SMEs) - ANSWERSFirms with less than 500 employees. Industry-based considerations: Porter's 5 forces framework - ANSWERS1) Interfirm rivalry 2) Entry barriers 3) Bargaining power of suppliers 4) Bargaining power of buyers 5) Threats of substitute products have a bearing on entrepreneurship. Resource-Based considerations: VRIO framework - ANSWERS1) Value - you want resources that add value 2) Rarity - you...

Copyright © 2022 WILEY Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 5-1-1 Complete Solution Manual and Instructor Resource for Intermediate Accounting, 18th Edition 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. ISBN- Chapter 1 Financial Accounting and Accounting Standards Assignment Classification Table (By Topic) Topics Questions Brief Exercises Exercises Critical Thinking 1. Environment of accounting, principles, objectives, sta...

SANS MGT514 Latest Update with Complete Solutions Strategic planning (1:8) deep analysis and understanding of the state of business and the threats faced by the organization Value to the organization (1:8) develop your objectives based on the organization's vision and mission, stake holder risk appetite and opportunities Driving engagement (1:8) execute on the plan by navigating the internal values and culture, developing a business case to get support and funding, and promoting ...

The present time, during which infinite quantities of facts are widely available to anyone who can use a computer - Answer-Information Age a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention - Answer-Internet of Things (IoT) raw facts that describe the characteristics of an event or object - Answer-Data Data converted into a meaningful and useful context - Answer-information Information collected from multiple sources s...

How does organizational strategy determine information systems structure? - Answer The organizational strategy of a company is when the company examines the structure of their company in order to fit competitively into their industry. Competitive strategy determines value chains, which determines business processes. Business processes determine design of the information systems What five forces determine industry structure? - Answer • Bargaining power of customers • Threat of substitu...