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MIE 480 MIDTERM CHAPTER 3 QUESTIONS AND CORRECT ANSWERS

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MIE 480 MIDTERM CHAPTER 3 QUESTIONS AND CORRECT ANSWERS

Institution
MIE 480
Course
MIE 480

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% of fortune 500 companies with no written statement


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5%




Steps in Industry Analysis, Step 3


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Assess the underlying drivers of each competitive force to determine
which forces are strong or weak and why




Steps in Industry Analysis, Step 2

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identify participants and segment them into groups such as buyers and
suppliers




Business model step 1


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describe the landscape




to counter customer power, expand


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your services so it's harder for customers to leave you for a rival




4 types of cost drivers


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fixed, semi-variable, variable, and non-recurring




Assess Steps


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, Drill down on every block
flag strengths and weaknesses
draw an overall conclusion on the evaluation of the model




Fortunate 500 % of vision statement users


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18




is where you identify which types of elements you will use to monetize the value
propositions from each of our customer segments


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revenue streams




customer segments


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our groups of customers with distinct characteristics




position you company where forces are


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Institution
MIE 480
Course
MIE 480

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