In Identifying an Industry's Key Success Factors,strategists Should

question 38

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 impacts of the industry's driving forces.

---

Definitions:

Industrial Engineering

The study of jobs to find the simplest way to structure work in order to maximize efficiency.

Complexity

The state or quality of being intricate or complicated, often referring to systems, problems, or processes.

Certified External Analysts

Professionals who have been officially recognized and certified to analyze and evaluate the performance, systems, or financial health of organizations from outside.

U.S. Department Of Labor

A federal department responsible for occupational safety, wage standards, unemployment insurance benefits, reemployment services, and some economic statistics.