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Driving Forces Questions & Answers

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Driving Forces Questions & Answers Driving Forces of Change Industries change because forces drive industry participants to alter their actions Driving forces (DFs) are major underlying causes that reshape the industry landscape and alter competitive conditions DFs can be positive and ne...

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  • October 20, 2024
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  • 2024/2025
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Driving Forces Questions & Answers
Driving Forces of Change - answer Industries change because forces drive industry
participants to alter their actions

Driving forces (DFs) are major underlying causes
that reshape the industry landscape and alter
competitive conditions

DFs can be positive and negative, WRT
competitiveness and profitability

Operate in the_______ of the corporate ecosystem:
-remote environment
-industry
-operating environment (occasionally)

Remote environment driving forces - answer Assess Steep Factors:

Estimate impact of each factor on the industry
- Group factors with common underlying cause
-Does it work in our favor?
Is it of high importance/priority?
-- Why or why not?
- How immediate is this issue?
-- urgent, soon, future?
- What duration might it have?
--short or long term?
- What is our responsibility to the factor?
-- economic, legal, ethical or discretionary?
- Which stakeholders are affected?
- What is its priority relative to other factors?

Assessing Steep Factors - answer Rate of change:
-accelerating
-decelerating
-neutral

Magnitude
-widespread
-local

Geographic region
-global

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