In Identifying an Industry's Key Success Factors, Strategists Should

question 120

Multiple Choice

In identifying an industry's key success factors, strategists should

• A)try to single out all factors that play a major role in shaping whether buyer demand grows rapidly or slowly.
• B)consider on what basis customers choose between competing brands, what resources and competitive capabilities firms need to be competitively successful, and what shortcomings are almost certain to put a company at a significant competitive disadvantage.
• C)consider whether the number of strategic groups is increasing or decreasing and whether the five competitive forces are powerful or relatively weak.
• D)consider what it will take to overtake the company with the industry's overall best strategy.
• E)focus their attention on what it will take to capitalize on the impacts of the industry's driving forces.

---

Definitions:

Smashed

To break something into pieces suddenly, noisily, and violently; shattered.

Broken Glass

Fragmented pieces of glass often resulting from breakage, which can pose a safety hazard.

Source Amnesia

The inability to remember where, when or how previously learned information has been acquired, while retaining the factual knowledge.

False Recollection

The misremembering or distortion of a memory, often with high confidence in the inaccurate details.