Understanding the competitive forces in an industry is
A) a largely futile exercise for managers.
B) is of academic interest, but does not bring any value for strategic management.
C) a way to enable managers to allocate their resources where competition is the strongest.
D) a way to enable managers to position the firm where its particular capabilities can be deployed to best advantage.
Correct Answer:
Verified
Q43: "The market" and "the industry" are
A)related but
Q44: A 6ᵗʰ force-complements-should arguably be added to
Q45: The bargaining power of suppliers is likely
Q46: Analyzing key success factors leads one to
Q47: The question "What does a firm need
Q49: Bargaining power rests, ultimately, on
A)the negotiating skills
Q50: The relative bargaining power of buyers depends
Q51: The question "What do customers want?"
A)is not
Q52: Market and industry are
A)very specific economics terms
Q53: In practice, drawing the boundaries of industries
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