An Industry's Key Success Factors

question 17

Multiple Choice

An industry's key success factors

• A)are a function of market share,entry barriers,economies of scale,degree of vertical integration,and industry profitability.
• B)vary according to whether an industry has high or low long-term attractiveness.
• C)can be determined through identifying an industry's dominant economic characteristics,assessing the five competitive forces,considering the impacts of the driving forces,comparing the market positions of industry members,and forecasting the likely next moves of industry rivals.
• D)can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies.
• E)depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.

---

Definitions:

Fundamental

Relating to the essential nature of something; being of central importance.

Authentic Leadership

A leadership approach that emphasizes being genuine and transparent with followers, leading with integrity, and having a strong sense of self-awareness.

Intrapersonal

Relating to or involving the internal, private life of an individual, such as thoughts and feelings.

Interpersonal

Relating to interactions and relationships between people, often highlighting communication and conflict resolution skills.