MANAGEMENT NEWEST 2025/2026 COMPLETE
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Terms in this set (600)
porter's five analyzes the competitive forces
forces within the environment in which a
model company operates to assess the
potential for profitability in an
industry
, the ability of buyers to affect the
price they must
buyer power pay for an item
consists of all parties involved,
directly or indirectly,
supply chain in the procurement of a product or
raw material
high when there are many
alternatives to a product
threat of substitute or service and low
when there are few alternatives
products or services from which to
choose
, generic business strategies that are
neither
porter's three generic organization nor
industry specific and can be
strategies applied to any business, product, or
service
a standardized set of activities that
accomplish a
business process specific task, such as processing a
customer's order
, value chain views a firms as a series of business
analysis processes that each add value to the
product/service
support value found along the top of the value
activities chain and includes business
processes, such as firm
infrastructure, human resource
management, technology
development, and procurement
that support the primary value
activities