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.

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Definitions:

Enterprise Bargaining Agreements

Enterprise Bargaining Agreements are contracts negotiated between employers and employees at the enterprise level to set terms and conditions of employment.

Government Legislation

Laws and regulations enacted by government bodies that can affect individuals, organizations, and the wider society.

Workplace Agreements

Contracts between employers and employees (or employee representatives) that outline terms and conditions of employment, including wages, working hours, and workplace conditions.

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Benefits or rights that an employee accumulates over time but does not have the irrevocable right to keep until certain conditions are met.