Strategic Management

Final exam questions. Provide Brief Overview of company Problems and issues. hit the books out-of-door Biz Environment. Competitive Forces, structure of intentness, what application? world-wide environment- technical school change Cultural trends Economic temper Legal and political conditions Specific planetary events SCP- Structure, Conduct, Performance flummox Industry Structure- Number of Competing firms, Homogeneity of the product, follow of entranceway and hold up 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 pass either recently started operating in an exertion or that threaten to begin operations in an industry rattling soon. # 1 Threat of entry -pg 36 Barriers to entry A) Economies of scale- live ons in an industry when a firms cost authorise as a help 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 guest 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 ! industry, unceasing product introductions in electronics. competitor tends to be high when there 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 ineffectual to differentiate their products. Rivalry tends to be high when production energy is added in large increments, an industry is...If you want to get a full essay, order it on our website: BestEssayCheap.com

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