BSG Course | Questions and Verified Solutions Latest Update 2024

BSG Course | Questions and Verified Solutions Latest Update 2024 Which one of the following factors is an important consideration in deciding whether the outlook for the industry presents the company with good prospects for attractive profitability? - Answer - Whether and to what degree the industry profitability will be less favorably or unfavorably affected by industries driving forces Potential entrants are more likely to be deterred from actually entering an industry when - Answer - industry incumbents are willing and able to launch strong defensive maneuvers to maintain their positions and make it harder for a newcomer to compete successfully and profitably Which of the following questions is not helpful in identifying an industry's key success factors? - Answer - which one of the five competitive forces must any company in the industry absolutely be able to cope with and defend against successfully in order to survive and have a reasonable chance at earning a profit? Which of the following factors or influences is not a strategically relevant component of a company's macroenvironement (ad displayed in figure 3.2)? - Answer - investor confidence in the company's future business prospects and the capabilities of its top executive team which of the following is not a factor that causes buyer bargaining power to be stronger? - Answer - the supply side of the marketplace A company's strategy evolves from one version to the next because of - Answer - the proactive effort of company managers to improve this or that aspect of the strategy, a need to respond to changing customer requirements and expectations, and a need to react to the fresh strategic maneuvers of rival firms The two crucial elements of a company's business model are - Answer - its customer value proposition (which lays out the company's approach to satisfying buyer needs and requirements at a price they will consider a good value) and its profit proposition or "profit formula" its business approach to generating sufficiently large revenues and controlling the costs of its customer value proposition, such that the company will be able to simultaneously deliver the indented value to customers and deliver appealing profits to shareholders)