experience curve
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only acts as an entry barrier when industry participants gain a cost
advantage from cumulative production over potential entrants
When entry barriers are high, the threat of " " is low
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potential new entry
,All firms must assess " " of macroenvironmental trends in order to understand the
external factors that impact changes in industry development, competitive forces, and
key success factors over time.
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Driving forces
determined by the relative price/performance of substitute products, the switching
costs for buyers to obtain and use the substitute, and buyers' propensity to try
substitute products.
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threat of substitutes
value chain perspective
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a systematic way of examining all the activities a firm performs and how
they interact
A high threat in any of the five forces diminishes
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, the profitability of an industry
An analysis of a firm's value chain provides more " " information information for
managing strategy than a " "
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actionable
SWOT analysis
perfectly competitive market
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when selling firms are identical in size, produce the same products, earn no
economic profits, and accurate, timely information is available to customers
and rivals.
can help identify industry opportunities because it shows market positions that are
currently under-served or unoccupied
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a strategy map
leverage extraordinary resources
Give this one a try later!
only acts as an entry barrier when industry participants gain a cost
advantage from cumulative production over potential entrants
When entry barriers are high, the threat of " " is low
Give this one a try later!
potential new entry
,All firms must assess " " of macroenvironmental trends in order to understand the
external factors that impact changes in industry development, competitive forces, and
key success factors over time.
Give this one a try later!
Driving forces
determined by the relative price/performance of substitute products, the switching
costs for buyers to obtain and use the substitute, and buyers' propensity to try
substitute products.
Give this one a try later!
threat of substitutes
value chain perspective
Give this one a try later!
a systematic way of examining all the activities a firm performs and how
they interact
A high threat in any of the five forces diminishes
Give this one a try later!
, the profitability of an industry
An analysis of a firm's value chain provides more " " information information for
managing strategy than a " "
Give this one a try later!
actionable
SWOT analysis
perfectly competitive market
Give this one a try later!
when selling firms are identical in size, produce the same products, earn no
economic profits, and accurate, timely information is available to customers
and rivals.
can help identify industry opportunities because it shows market positions that are
currently under-served or unoccupied
Give this one a try later!
a strategy map
leverage extraordinary resources
