Thinking Strategically About the Industry and Competitive Environment Involves In-Depth

question 2

Multiple Choice

Thinking strategically about the industry and competitive environment involves in-depth analysis and evaluation of such consideration as:

• A) the strength of the equilibrium forces driving change in the environment.
• B) the identification of the dominant financial risk components of the industry in which the company operates.
• C) the market positions of industry rivals and their relative strength,and the competitive forces rivals are facing and what impact they will have on competitive intensity and industry profitability.
• D) the critical factors influencing past competitive success in the industry.
• E) All of these.

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Definitions:

External Proposals

Proposals submitted to an outside entity or organization, often for funding, projects, or partnerships.

Yardstick Approach

A method of performance evaluation using a standard measure or benchmark to compare against.

Criteria

Standards or principles by which something is judged or decisions are made.

Analytical Reports

Documents that present data analysis, findings, and recommendations based on systematic research.