Groups or clusters of firms within an industry that are constrained by similar resource
positions and follow similar strategies are called ______ _________.
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strategic groups
Why is the analysis of societal trends/sociocultural forces important?
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One reason is that stakeholder groups are also members of society, so
some of their values and beliefs are derived from broader societal
influences.
,Collusion
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Cooperation in price-setting
Which are considered basic value chain activities and which are considered support?
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-Chain activities: supply chain mgmt, internal operations mgmt, distribution
and physical location mgmt, marketing mgmt, and mgmt of post-
transaction contacts
-Support: R&D, consumer research, finance, information technology, HR,
legal support, and strategic planning processes
What are examples of economic forces that can influence organizational behavior
and performance?
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-Inflation
-Foreign exchange rates
Financial analysis involves making what two essential comparisons?
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, -a comparison of the firm to its competitors, to determine relative financial
strengths and weaknesses
-a comparison of the firm to itself over time, to show trends
What are examples of entry barriers discussed in the text?
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-economies of scale
-high levels of product differentiation
-high switching costs
-limited access to distribution channels
Alliance Networks
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groups of autonomous firms that cooperate with each other because of
mutual interests
Capabilities or resources can be a source of sustainable competitive advantage if
what two conditions are also met?
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-the resources or capabilities are difficult or expensive to imitate
-there are no readily available substitutes
positions and follow similar strategies are called ______ _________.
Give this one a try later!
strategic groups
Why is the analysis of societal trends/sociocultural forces important?
Give this one a try later!
One reason is that stakeholder groups are also members of society, so
some of their values and beliefs are derived from broader societal
influences.
,Collusion
Give this one a try later!
Cooperation in price-setting
Which are considered basic value chain activities and which are considered support?
Give this one a try later!
-Chain activities: supply chain mgmt, internal operations mgmt, distribution
and physical location mgmt, marketing mgmt, and mgmt of post-
transaction contacts
-Support: R&D, consumer research, finance, information technology, HR,
legal support, and strategic planning processes
What are examples of economic forces that can influence organizational behavior
and performance?
Give this one a try later!
-Inflation
-Foreign exchange rates
Financial analysis involves making what two essential comparisons?
Give this one a try later!
, -a comparison of the firm to its competitors, to determine relative financial
strengths and weaknesses
-a comparison of the firm to itself over time, to show trends
What are examples of entry barriers discussed in the text?
Give this one a try later!
-economies of scale
-high levels of product differentiation
-high switching costs
-limited access to distribution channels
Alliance Networks
Give this one a try later!
groups of autonomous firms that cooperate with each other because of
mutual interests
Capabilities or resources can be a source of sustainable competitive advantage if
what two conditions are also met?
Give this one a try later!
-the resources or capabilities are difficult or expensive to imitate
-there are no readily available substitutes
