Strategic Management Exam 2 – practice questions with answers.pdf Strategic Management Exam 2 – practice questions with answers.pdf Strategic Management Exam 2 – practice questions with answers.pdf
Strategic Management
Exam 2 – practice
questions with answers
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Strategic Management Exam 2 – practice questions with answers.pdf Strategic Management Exam 2 – practice questions with answers.pdf Strategic Management Exam 2 – practice questions with answers.pdf
,Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
external/macro environment industry and competitive conditions
internal/micro environment Its competencies, capabilities, resource strengths and weaknesses, and
competitiveness
assess industry and competitive conditions 1. Industry's dominant economic traits
2. Nature of competition & strength of
competitive forces
3. Drivers of industry change
4. Competitive position of rivals
5. Strategic moves of rivals
6. Key success factors
7. Conclusions about industry attractiveness
assess company situation 1. Assessment of company's present strategy
2. Strengths, weaknesses, opportunities, &
threats
3. Company's costs compared to rivals
4. Strength of company's competitive position
5. Strategic issues to be addressed
Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
,Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
forecasting environmental scanning, environmental monitoring, competitive intelligence
environmental scanning Monitoring and interpreting sweep of social, political, economic, ecological, and
technological events to spot\ budding trends that could eventually impact
industry
purpose of environmental scanning Raise consciousness of managers about potential
developments that could
- Have important impact on industry conditions
- Pose new opportunities and threats
demographic key trends - Aging population
- Rising affluence
- Changes in ethnic composition
- Geographic distribution of population
- Greater disparities in income levels
sociocultural key trends - More women in the workforce
- Increase in temporary workers
- Greater concern for fitness
- Greater concern for environment
- Postponement in family formation
Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
, Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
political/legal key trends - Tort reform
- ADA (Americans with Disabilities Act)
- Repeal of Glass-Stegall Act in 1999 (now
banks may now offer brokerage services)
- Deregulation of utility and other industries
- Increases in Federally-mandated minimum
wages
- Taxation at local, state, federal levels
- Legislation on corporate governance
reforms in bookkeeping, stock options, etc.
(Sarbanes-Oxley Act)
technological key trends - Genetic engineering
- Emergence of Internet technology
- Computer Aided Design/Computer-Aided
Manufacturing Systems (CAD/CAM)
- Research in synthetic and exotic materials
- Pollution/Global warming
- Miniaturization of computing technologies
- Wireless communications
- Nanotechnology
Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
Strategic Management
Exam 2 – practice
questions with answers
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Strategic Management Exam 2 – practice questions with answers.pdf Strategic Management Exam 2 – practice questions with answers.pdf Strategic Management Exam 2 – practice questions with answers.pdf
,Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
external/macro environment industry and competitive conditions
internal/micro environment Its competencies, capabilities, resource strengths and weaknesses, and
competitiveness
assess industry and competitive conditions 1. Industry's dominant economic traits
2. Nature of competition & strength of
competitive forces
3. Drivers of industry change
4. Competitive position of rivals
5. Strategic moves of rivals
6. Key success factors
7. Conclusions about industry attractiveness
assess company situation 1. Assessment of company's present strategy
2. Strengths, weaknesses, opportunities, &
threats
3. Company's costs compared to rivals
4. Strength of company's competitive position
5. Strategic issues to be addressed
Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
,Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
forecasting environmental scanning, environmental monitoring, competitive intelligence
environmental scanning Monitoring and interpreting sweep of social, political, economic, ecological, and
technological events to spot\ budding trends that could eventually impact
industry
purpose of environmental scanning Raise consciousness of managers about potential
developments that could
- Have important impact on industry conditions
- Pose new opportunities and threats
demographic key trends - Aging population
- Rising affluence
- Changes in ethnic composition
- Geographic distribution of population
- Greater disparities in income levels
sociocultural key trends - More women in the workforce
- Increase in temporary workers
- Greater concern for fitness
- Greater concern for environment
- Postponement in family formation
Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
, Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
political/legal key trends - Tort reform
- ADA (Americans with Disabilities Act)
- Repeal of Glass-Stegall Act in 1999 (now
banks may now offer brokerage services)
- Deregulation of utility and other industries
- Increases in Federally-mandated minimum
wages
- Taxation at local, state, federal levels
- Legislation on corporate governance
reforms in bookkeeping, stock options, etc.
(Sarbanes-Oxley Act)
technological key trends - Genetic engineering
- Emergence of Internet technology
- Computer Aided Design/Computer-Aided
Manufacturing Systems (CAD/CAM)
- Research in synthetic and exotic materials
- Pollution/Global warming
- Miniaturization of computing technologies
- Wireless communications
- Nanotechnology
Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf Strategic Management Exam 2.pdf
