The key success factors in an industry
A)are the strategy elements,intangible assets,and competitive capabilities that most affect industry members' abilities to prosper in the marketplace.
B)are determined by the industry's driving forces.
C)hinge on how many different strategic groups the industry has.
D)depend on how many rivals are trying to move from one strategic group to another.
E)are a function of such considerations as how many firms are in the industry,how many have market shares above five percent,and whether the business models being used are similar or diverse.

Question

Quizplus · Accepted Answer

Key success factors refer to the crucial elements that determine an industry member's ability to succeed in the market. These factors include a company's strategy elements, intangible assets, and competitive capabilities. Therefore, option (A) is the correct answer. Option (B) refers to driving forces, which shape the industry's structure, whereas options (C) and (D) discuss strategic groups within an industry. Option (E) only mentions the number of firms and market shares, which are part of the industry analysis but not key success factors.

The Key Success Factors in an Industry