Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
A) the forces driving change in the industry.
B) the dominant economic features of the industry in which the company operates.
C) the kinds of competitive forces industry members are facing and the strength of each competitive force.
D) the key factors influencing future competitive success in the industry.
E) All of these.

Question

Quizplus · Accepted Answer

All of these considerations are important when thinking strategically about industry and competitive conditions. To fully analyze the industry and its competitive landscape, one must evaluate the forces driving change, the dominant economic features, the kinds of competitive forces present and their strength, and the key factors that will drive future competitive success. Only by considering all these factors can a company develop an effective strategy to compete in the industry.

Thinking Strategically About Industry and Competitive Conditions in a Given