Term
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Definition
| All relevant factors and influences outside the company's boundaries. |
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Term
1. Economic
2. Legislation
3. Demographics
4. Values
5. Technology |
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Definition
Aspects of macroenvironment
1. General E_______ Conditions
2. L_________ and Regulations
3. Population D_________
4. Societal V_____ and Lifestyles
5. T________ |
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Term
1. Bargaining Power from Buyers
2. Bargaining Power from Suppliers
3. Competitors
4. New Entrants
5. Substitutes |
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Definition
5 Forces of Competition
1.
2.
3.
4.
5. |
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Term
1. Economic
2. Competitive forces, force
3. Competitive |
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Definition
Strategy and Competitive Question
1. What are the industry's dominant e______ factors?
2. What kinds of c________ f_____ are industry members facting and how strong is each f____?
3. What forces are driving industry c______ and what impact will these changes have on competetive intensity and industry profitability? |
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Term
4. positions
5. strategic
6. key factors
7. outlook |
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Definition
Strategy and Competitive Question 2
4. What market p_______ do industry rivals occupy-who is strongly position and who is not?
5. What s____ moves are rivals likely to make next?
6. What are the k___ _______ for future competitive success?
7. Does the o______ for the industry offer the company a good opportunity to earn good profits? |
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Term
economic
1. competitors
2. innovations
3. Vertical integration
4. Economies |
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Definition
Dominant e_______ factors
1. Number of c_____
2. Product i________
3. V_______ i______
4. E_______ of scale |
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Term
1. external, internal
2.vision, head
3. promising, options
4. strategy, business model |
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Definition
Thinking Strategically about the comp's situation to choosing a Stat
1. Thinking about a comp's ______ and _____ environment.
2. Form a strategic v___ of where the company needs to _____.
3. Identify p______ strategic o____ for the comp.
4. Select the best ____ and _____ ______ for the company. |
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Term
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Definition
| ______ _____ _______- a technique used for displaying the different market or competitive positions that rival firms occupy in the industry. |
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Term
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Definition
| _____ ______-a cluster of industry rivals that have similar competitive approaches and market positions |
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Term
1. competitive
2. two-variable
3.Assign, strategic, strategic
4. proportionate, share, sales revenue |
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Definition
Steps for creating a Strat Group map
1. ID the c_______ characteristics that differentiate firms in the industry.
2. Plot the firms on a t__-______ map using pairs of these diferentiating characteristics.
3. A_______ firms that fall in about the same _____ space to the same ______ group.
4. Draw circles around each strategic group, making circles p______ to the size of the group's s___ of total industry s___ ______ |
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Term
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Definition
| Strategic group maps reveal which companies are c____ competitors and d______ competitors. |
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Term
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Definition
| Strategic group maps also reveal that not all positions on the map are e_____ ________. |
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Term
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Definition
| _______ _______-provides info on different aspects of a competitor that can assist in predicting or anticipating a competitor's next strategic moves. |
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Term
1. actions, announcements
2. resource strengths, weaknesses
3. thinking, leadership |
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Definition
Examples of Competitive Intelligence
1. Their latest a_____ and a________
2. their r____ _______ and w______
3. Their t______ and l______ styles of their execs |
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Term
Driving forces
underlying causes |
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Definition
| ____ ______ in an industry are the major u________ ______ of changing industry and competitive conditions-they have the biggest influence on how the industry landscape will be altered. |
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Term
1. Identifying
2. Assessing, attractive
3.changes, impacts |
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Definition
3 steps of Driving Forces Analysis
1. I________ what the DF's are.
2. A_______ whether the DF's are, on the whole, making the industry more or less _______.
3. Determining what strategy _______ are needed to prepare for the i______ of DF's. |
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Term
Key Success Factors
factors |
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Definition
| _____ ______ _______-are those competitive _____ that most affect industry members' ability to prosper in the marketplace. |
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Term
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Definition
| ______ ______ _______-are the product attributes, competencies, competitive capabilities, and market achievements with the greatest impact on future competitive success in the marketplace. |
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Term
1. basis, crucial
2.resources competitive capabilities
3. shortcomings, disadvantage |
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Definition
KSF Analysis
1. What b____ do buyers choose between the competing brands? What product attributes are ____?
2. What r____ and c_____ _______ does a company need to be competitively
successful?
3. What s________ are almost certain to put a company at a significant competitive d________? |
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