64.
Identify and describe the relevant factors and forces comprising the environmental context in
which a company operates. Which of these factors and forces constitute the company’s
macro-environment, and which constitute the industry and competitive environment? Explain.
65.
Identify and describe the interactions among the competitive forces that comprise the five-
forces model of competition. Which of these competitive forces is typically the strongest?
Explain.
66.
Identify and briefly explain any three factors that lead to strong bargaining power on the part
of buyers.
67.
Identify and briefly explain any three factors that lead to weak bargaining power on the part of
buyers.
68.
Identify and briefly discuss any three of the factors that influence the bargaining strength and
leverage of buyers.
69.
Identify and briefly explain any two of the factors that influence the strength of competition
from substitute products.
70.
Identify and briefly explain any three factors that lead to strong bargaining power on the part
of suppliers.
71.
Identify and briefly explain any three factors that lead to weak bargaining power on the part of
suppliers.
72.
Identify and briefly explain any three factors that intensify competitive pressures stemming
from the threat that new firms will enter the industry.
73.
Identify and briefly explain any three factors that weaken the competitive pressures stemming
from the threat that new firms will enter the industry.
74.
Identify and briefly describe five common barriers to entering an industry.
75.
Identify and briefly explain any four of the factors that influence the strength or intensity of
competitive rivalry among an industry’s member firms.
76.
Identify five factors that tend to weaken the intensity of competitive rivalry among an
industry’s member firms.
77.
Identify five factors that tend to intensify competitive rivalry among an industry’s member
firms.
78.
Identify at least five common driving forces, and briefly explain how each one can produce
important changes in industry and competitive conditions.
79.
In doing driving forces analysis, is it sufficient to simply identify the driving forces that are
operating to alter industry and competitive conditions? Why or why not? If not, then explain
what else is required for a complete driving forces assessment.
80.
Identify at least two benefits of constructing a strategic group map.
81.
What is the analytical value of studying competitors and trying to predict what moves rivals
will make next?
82.
What are industry key success factors? Why is it important for strategy makers to have a clear
understanding of an industry’s key success factors?
83.
Identify three factors that affect whether an industry does or does not present a company with
a good business opportunity.
84.
Can an industry be attractive to one company and unattractive to another company? Why or
why not?