The Task of Driving-Forces Analysis Is to

question 43

Multiple Choice

The task of driving-forces analysis is to

• A) develop a comprehensive list of all the potential causes of changing industry conditions.
• B) predict which new driving forces will emerge next.
• C) determine which of the five competitive forces is the biggest driver of industry change.
• D) identify the driving forces, assess whether their impact will make the industry more or less attractive, and determine what strategy changes are needed to prepare for the impacts of the driving forces.
• E) learn what the industry key success factors are and how they might change in the future.

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Definitions:

Hypothetical-Deductive Reasoning

Piaget’s formal operational concept that adolescents have the cognitive ability to develop hypotheses about ways to solve problems and can systematically deduce which is the best path to follow in solving the problem.

Formal Operations

The stage in Piaget's theory of cognitive development where abstract and logical thinking is developed, usually during adolescence.

Formal-Operational Thought

A stage in Piaget’s theory of cognitive development where individuals gain the ability to think abstractly and logically.

Trial-And-Error

A method of solving problems through repeated, varied attempts until success or an optimal solution is found.