Driving Forces Analysis

question 67

Multiple Choice

Driving forces analysis

• A)involves identifying the driving forces,assessing whether their impact will make the industry more or less attractive,and determining what strategy changes a company may need to make to prepare for the impact of the driving forces.
• B)identifies which strategic group is the most powerful.
• C)helps managers identify which industry member is likely to become (or remain)the industry leader and why.
• D)helps managers identify which key success factors are most likely to help their company gain a competitive advantage.
• E)helps managers identify which of the five competitive forces will be the strongest driver of industry change.

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Definitions:

Job Satisfaction

The level of contentment or happiness employees feel towards their jobs, influenced by factors like work environment, compensation, and recognition.

Observation

The act of closely monitoring or taking notice of someone or something to gain information.

Interpretation

The act of explaining the meaning of something, such as data, words, or actions, often requiring analysis and understanding of context.

Causal Relationship

A causal relationship exists when one event (the cause) directly affects the outcome of another event (the effect).