An Industry's Key Success Factors Can Always Be Deduced by Asking

question 114

Multiple Choice

An industry's key success factors can always be deduced by asking what factors

• A)are a function of market share, entry barriers, and economies of scale, degree of vertical integration, and industry profitability that are advantageous.
• B)vary according to whether an industry has high or low long-term attractiveness.
• C)such as product attributes and service characteristics are crucial, and what resources and competitive capabilities are needed, and what shortcomings are evident to put a company at a competitive disadvantage.
• D)can be determined from studying the winning strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have losing strategies.
• E)depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.

---

Definitions:

Vertical Collectivism

A cultural value that emphasizes the importance of the community or group over the individual, with a strong hierarchy and loyalty to the group.

Authority Ranking

A system of organizing social relationships based on hierarchies of power and authority, where individuals' decisions or status are influenced by their position within the hierarchy.

Equality Matching

A principle of social justice where individuals aim to ensure fairness and equality by treating each person the same, often by sharing resources equally.

Community Sharing

A social arrangement characterized by the collective ownership and use of resources among community members.