Environmental Analysis - Answer-Demographic, Sociocultural, Political/Legal,
Technological, Economic, Global
industry analysis - Answer-Understand the structure of the industry in which the firm
competes in and the underlying reasons why that structure is what it is
FIVE FORCES components to an industry analysis - Answer-Threat of New Entrants -
Customer Power - Threat of Substitutes - Supplier Power
Threat of New Entrants - Answer-Economies of Scale, Product differentiation, capital
requirements, switching costs, distribution channels, cost disadvantage,
Customer Power - Answer-Number of buyers - volume of purchases - switching costs -
availability of substitutes buyers can vertical integrate
Threat of Substitutes - Answer-Products from industries that serve similar needs
Supplier Power - Answer-Substitutes and relevance of suppliers' products, switching
costs, forward integration (define) by suppliers, importance of industry for suppliers
strategic group - Answer-a collection of firms in an industry that follow the same or a
similar strategy
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Scholarsstudyguide. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
