Porters five forces - Study guides, Class notes & Summaries

SEVI 3013 Strategic Management Questions and Answers Already Passed who you define as your competition also depends on your industry boundary What is an Industry? - Set of firms that produce similar products. - Industry boundaries can change rapidly, typically not always as result, off innovation. - industries not always well defined When you are examining your industry, be conscious of this. - Be willing to change your perception of industry and have multiple perceptions of your industry. te...

ISA 235 Final Exam Miami University Questions With 100% Verified Answers Information Age - answerThe present time, during which infinite quantities of facts are widely available to anyone who can use a computer Internet of Things (IoT) - answera world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention Data - answerraw facts that describe the characteristics of an event or object information - answerData converted into a meani...

MGMT 490 Theory Exam Practice Questions and Answers What parts make up the formulation and implementation model? - ANSWER-1. Environment 2. Resources 3. Social Responsibility 4. Goals of management 5. Strategy 6. Structure 7. Systems 8. Leadership Strategy - ANSWER--A way to develop strategic competence. -How do I get a competitive advantage over my competition? Leadership - ANSWER--Long-term effort with strategic values -Task structure, position power, leader-member relations Goal...

Business Strategy - ANSWER-a bundle of decisions and acts which a manager undertakes and which decides the result of the firms performance. Strategic management - ANSWER-Planning for both predictable and unlikely contingencies. Business plan - ANSWER-A step by step guide a business puts in writing to achieve it's busy goals and objectives. 5 primary elements of a business plan - ANSWER-vision, mission, critical success factors, strategies and actions for objectives and a prioritized im...

What does STEEPLED stand for? (External factors - macro environment) Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Less than 10 How many employees does a small business have? Less than 50 How many employees does a medium business have? 250 or fewer What are the support activities of porters value chain model? Firm infrastructure, human resource management, technology development and procurement Wha...

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L4M8 Procurement & Supply in Practice Exam Questions And Answers (Verified And Updated) How many stages are there within the CIPS Procurement Cycle? - answerThe CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Suppli...

Fact The confirmation or validation of an event or object Information Age The present time during which infinite quantities of facts are widely available to anyone who can use a computer Data Raw facts that describe the characteristics of an event or object Information Data converted into a meaningful and useful context Business Intelligence Information collected from multiple sources such as suppliers, customers, partners, and industries, that analyze patterns, ...

Meaning behind the slogan of the "Double-Vee" strategy. Even before the United States became belligerent, the Pittsburgh Courier newspaper, the Brotherhood of Sleeping Car Porters, and the NAACP orchestrated a pivotal discussions of racial policies related to a possible war. For African Americans, victory would have to be a twofold, hence a "Double-Vee" strategy. Attitude of the Nation of Islam toward Black participation in the World War. They opposed black participation in the war,...

Porter's Five Forces of Competition - Answer-1) Power of customers 2) Power of suppliers 3) Threat of potential entrants 4) Substitutes (availability/comparability) 5) Competition among existing competitors Blue Ocean Strategy - Answer-New and untapped market, don't have to deal with other competitors. Get rid of competition by creating new market. Unfettered territory. Don't take away from a dwindling group. Coca-cola and Pepsi are so successful because of ___ - Answer-Bra...