120) Identify and briefly explain any two of the factors that influence the strength of competition
from substitute products.
121) Which factors influence the bargaining strength and leverage of suppliers in the pizza
segment of the restaurant industry?
122) Identify three tools to diagnose the competitive conditions in an industry and explain the
meaning and significance of each of the following and their relationship to one another.
123) Identify and briefly provide examples of the most common drivers of industry change.
124) If some strategic groups are more attractive than others, why do less well-positioned firms
not simply migrate to a more attractive position? Explain and provide an example or two.
125) Explain why low switching costs and weakly differentiated products tend to give buyers a
high degree of bargaining power.
126) Where the real payoff from strategic analysis of industry dynamics comes is for managers
to draw some conclusions about what strategy adjustments will be needed to deal with the
impacts of the driving forces. True or false? Explain.
127) Factors that influence the bargaining strength and leverage of buyers include which
elements?
128) Strong bargaining power on the part of buyers increases or decreases competitive pressure
in what ways?
129) Assess the bargaining power on the part of buyers of cosmetics.
130) What is the Value Net framework? What are the steps in using this framework?
131) For a complete assessment of the driving forces in an industry, three steps are required.
Briefly explain those steps.
132) Identify the five most impactful driving forces in the hospitality and lodging industry and
briefly explain how each one can produce important changes in industry and competitive
conditions.
133) Your study group has been charged with conducting an assessment of competitive behavior
in the sporting apparel industry. What are likely to be the key elements of your analysis?
134) What is the value of using Michael Porter’s Framework for Competitor Analysis to observe
competitors and trying to predict what moves they will make next?
135) What are an industry’s key success factors (KSFs)? How would you assess those factors for
the beer industry?
136) Identify four factors that affect whether an industry does or does not present a company
with a good business opportunity.
137) Can an industry be attractive to one company and unattractive to another company? Why or
why not?