STRATEGIC MANAGEMENT CONCEPTS AND
CASES FULL REVISION NOTES WITH INDUSTRY
ANALYSIS AND COMPETITIVE ADVANTAGE
CONCEPTS
◉ Economic Environment.
Answer: Macro economy trends such as interest rates, business
cycles, and discretionary income.
◉ Political/Legal Environment.
Answer: Laws, regulations, permits, licensing, lobbying, and tax
policy.
◉ Technological Environment.
Answer: Innovations, information technology, and data tracking
systems that affect competition.
◉ Social/Cultural Environment.
Answer: Social attitudes, cultural values, beliefs, and trends.
◉ Global Environment.
,Answer: Global markets, regional regulations, and country-level
competition.
◉ Porter's Five Forces.
Answer: A framework for analyzing industry competition and profit
potential.
◉ Threat of new entrants.
Answer: The risk that new competitors will enter the industry and
reduce profits.
◉ Bargaining power of suppliers.
Answer: The ability of suppliers to influence price, quality, or terms
for industry firms.
◉ Bargaining power of buyers.
Answer: The ability of customers/buyers to force lower prices,
higher quality, or better service.
◉ Threat of substitutes.
Answer: Products outside the industry that satisfy customers' needs.
◉ Intensity of rivalry.
, Answer: The level of competition among existing firms in an
industry.
◉ Industry Definition.
Answer: The group of firms producing competing products or
services that satisfy very similar customer needs.
◉ Suppliers' Bargaining Power.
Answer: The ability of suppliers to influence price, quality, or terms
for industry firms.
◉ Buyers' Bargaining Power.
Answer: The ability of customers/buyers to force lower prices,
higher quality, or better service.
◉ Economies of Scale.
Answer: Efficiencies from producing more of one product.
◉ Economies of Scope.
Answer: Efficiencies from related products or managing multiple
businesses together.
◉ Cost Advantage Independent of Scale.
CASES FULL REVISION NOTES WITH INDUSTRY
ANALYSIS AND COMPETITIVE ADVANTAGE
CONCEPTS
◉ Economic Environment.
Answer: Macro economy trends such as interest rates, business
cycles, and discretionary income.
◉ Political/Legal Environment.
Answer: Laws, regulations, permits, licensing, lobbying, and tax
policy.
◉ Technological Environment.
Answer: Innovations, information technology, and data tracking
systems that affect competition.
◉ Social/Cultural Environment.
Answer: Social attitudes, cultural values, beliefs, and trends.
◉ Global Environment.
,Answer: Global markets, regional regulations, and country-level
competition.
◉ Porter's Five Forces.
Answer: A framework for analyzing industry competition and profit
potential.
◉ Threat of new entrants.
Answer: The risk that new competitors will enter the industry and
reduce profits.
◉ Bargaining power of suppliers.
Answer: The ability of suppliers to influence price, quality, or terms
for industry firms.
◉ Bargaining power of buyers.
Answer: The ability of customers/buyers to force lower prices,
higher quality, or better service.
◉ Threat of substitutes.
Answer: Products outside the industry that satisfy customers' needs.
◉ Intensity of rivalry.
, Answer: The level of competition among existing firms in an
industry.
◉ Industry Definition.
Answer: The group of firms producing competing products or
services that satisfy very similar customer needs.
◉ Suppliers' Bargaining Power.
Answer: The ability of suppliers to influence price, quality, or terms
for industry firms.
◉ Buyers' Bargaining Power.
Answer: The ability of customers/buyers to force lower prices,
higher quality, or better service.
◉ Economies of Scale.
Answer: Efficiencies from producing more of one product.
◉ Economies of Scope.
Answer: Efficiencies from related products or managing multiple
businesses together.
◉ Cost Advantage Independent of Scale.
