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110.
Draw the five forces model of competition and briefly describe the relevance of each of the five forces
in determining the overall strength of competitive pressures a company faces. Which of the five
competitive forces is typically the strongest?
111.
What are the five competitive forces that comprise the five forces model of competition?
112.
Competitive markets are economic battlefields. True or false? Explain.
113.
Identify and briefly explain any four of the factors that influence the strength or intensity of competitive
rivalry among an industry's member firms.
114.
Identify five factors that tend to intensify competitive rivalry among an industry's member firms.
115.
Identify five factors that tend to weaken the intensity of competitive rivalry among an industry's
member firms.
116.
Identify and briefly describe five common barriers to entering an industry.
117.
Identify and briefly explain any three factors that intensify competitive pressures stemming from the
threat that new firms will enter the industry.
118.
Identify three conditions that tend to make potential entry a potentially potent competitive force.
119.
Identify and briefly explain any three factors that weaken the competitive pressures stemming from the
threat that new firms will enter the industry.
120.
Identify and briefly explain any two of the factors that influence the strength of competition from
substitute products.
121.
Identify and briefly explain any three of the factors that influence the bargaining strength and leverage
of suppliers.
122.
Explain the meaning and significance of each of the following and their relationship to one another.
a. driving forces
b. strategic group mapping
c. key success factors
123.
Identify and briefly explain any three factors that lead to strong bargaining power on the part of
suppliers.
124.
Identify and briefly explain any three factors that lead to weak bargaining power on the part of
suppliers.
125.
Explain why low switching costs and weakly differentiated products tend to give buyers a high degree
of bargaining power.
126.
Not all buyers of an industry's product are likely to possess the same degree of bargaining power or
leverage over the terms and conditions under which they purchase the product. True or false? Explain.
127.
Identify and briefly discuss any three of the factors that influence the bargaining strength and leverage
of buyers.
128.
Identify and briefly explain any three factors that lead to strong bargaining power on the part of buyers.
Competitive pressures from buyers increase when they have strong bargaining power and are price-
sensitive. Buyer bargaining power is stronger when:
129.
Identify and briefly explain any three factors that lead to weak bargaining power on the part of buyers.
130.
Identify and briefly explain the components of the value net framework.
131.
Explain what else is required for a complete assessment of the driving-forces in an industry.
132.
Identify at least five common driving forces and briefly explain how each one can produce important
changes in industry and competitive conditions.
133.
Identify at least three benefits of constructing a strategic group map.
134.
What is the analytical value of studying competitors and trying to predict what moves rivals will make
next?
135.
What is the strategy-making value of identifying an industry's key success factors?
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?
