MGT 499 EXAM 1 REVIEW COMPREHENSIVE EXAM
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
PESTEL Analysis Ans✓✓✓ Political
Economic
Social
Technological
Environmental
Legal
-often present opportunities or threats
-example: changing nature of how individuals are becoming more and
more comfortable with paying over the phone.
5 forces of competition model Ans✓✓✓ -is the industry structured
where they are going to be profitable?
-5 forces can impact this industry
1. Suppliers: Bargaining power of suppliers. If suppliers are profitable,
they are going to have a big chunk of profit.
2. Potential entrants: Threat of new entrants. Government regulations,
barriers, access to supply channels, etc.
3. Buyers: Bargaining power of buying. Some industries have very
powerful buyers some do not.
4. Compliments: dont worry for this exam
5. substitutes: threat of substitute of products or services.
, Know ways that firms can try to shift five forces in their favor (e.g., how
can a firm attempt to decrease the power of buyers? How can a firm
attempt to decrease the power of suppliers?) Ans✓✓✓ -Once you're in
the industry and you understand how the power structure is is organized,
then we went to, we have to ask what are ways that firms can act to try
to shift the forces in their favor.
- For example: Netflix. They understood the streaming movie rental
industry.
-Again it's making the suppliers, perhaps more willing to enter favorable
deals that favor netflix relative to other business opportunities they have
similarly netflix started instituting things like the personalized
recommendation system again.
-That creates potential switching costs for buyers buyers become
perhaps more loyal to your brand the idea of just leaving your brand
becomes more than just some tips simple transaction you're stepping
away from a long personalized recommendation less and so as a result of
buyers, perhaps.
Internal Environment: What are different types of resources? Ans✓✓✓
(tangible/intangible;
financial/organizational/physical/technological/human/innovation/re-
putation)
-Internal analysis tells us what a firm CAN do.
-External analysis tells us what a firm might CHOOSE to do. (identify
opportunities and threats)
Know the resources: capabilities and distinctive competencies.
QUESTIONS WITH DETAILED VERIFIED AND 100%
ACCURATE ANSWERS BRAND NEW EXAM ALREADY
GRADED (A+ PASS)
PESTEL Analysis Ans✓✓✓ Political
Economic
Social
Technological
Environmental
Legal
-often present opportunities or threats
-example: changing nature of how individuals are becoming more and
more comfortable with paying over the phone.
5 forces of competition model Ans✓✓✓ -is the industry structured
where they are going to be profitable?
-5 forces can impact this industry
1. Suppliers: Bargaining power of suppliers. If suppliers are profitable,
they are going to have a big chunk of profit.
2. Potential entrants: Threat of new entrants. Government regulations,
barriers, access to supply channels, etc.
3. Buyers: Bargaining power of buying. Some industries have very
powerful buyers some do not.
4. Compliments: dont worry for this exam
5. substitutes: threat of substitute of products or services.
, Know ways that firms can try to shift five forces in their favor (e.g., how
can a firm attempt to decrease the power of buyers? How can a firm
attempt to decrease the power of suppliers?) Ans✓✓✓ -Once you're in
the industry and you understand how the power structure is is organized,
then we went to, we have to ask what are ways that firms can act to try
to shift the forces in their favor.
- For example: Netflix. They understood the streaming movie rental
industry.
-Again it's making the suppliers, perhaps more willing to enter favorable
deals that favor netflix relative to other business opportunities they have
similarly netflix started instituting things like the personalized
recommendation system again.
-That creates potential switching costs for buyers buyers become
perhaps more loyal to your brand the idea of just leaving your brand
becomes more than just some tips simple transaction you're stepping
away from a long personalized recommendation less and so as a result of
buyers, perhaps.
Internal Environment: What are different types of resources? Ans✓✓✓
(tangible/intangible;
financial/organizational/physical/technological/human/innovation/re-
putation)
-Internal analysis tells us what a firm CAN do.
-External analysis tells us what a firm might CHOOSE to do. (identify
opportunities and threats)
Know the resources: capabilities and distinctive competencies.
