Exam 5: Analyzing Global Industries and Competitors

The diffusion of modern popular culture through the internet and international media has been welcomed in all societies

Studying rivals' corporate missions gives firms few insights into competitor corporate priorities in terms of their products, markets, technologies or corporate cultures

Italian auto manufacturer Maserati's expertise in auto performance and styling is an example of that firm's strategic intent

A company has determined that its primary rival has superior sources of supply and is more adept at serving customer needs through some innovative distribution channels. The company should analyze that competitor's:

Market selection strategies tend to be based on which of the following criteria:

Key success factors are the strategic expertise, competencies, resources and competitive capabilities that firms must possess to survive and prosper in their industry environments

Within specific industries, many firms often share the same or similar key success factors for building competitive success in world markets

Acquisitions, joint ventures, or global alliances are ways that smaller firms can compete with larger market rivals

As countries industrialize, their societies change to emphasize new trends in education, healthcare and create demand for many new products

Export market analysis is a useful demand analysis technique only for small and medium-sized companies

German auto manufacturer Porsche's expertise in auto performance and styling is an example of that firm's core competencies

Most large global firms are equally strong in all regions and product lines

Looking at competitors' strategic intents can yield key insights into what rivals perceive they do better than others in the industry

Avoiding head-to-head competition with large global competitors is a viable strategy for smaller rivals

Technological developments have influenced country demographics through advances in medical technologies and aging populations

International companies have few opportunities to help countries upgrade their national infrastructures and amenities for citizens

Financial benchmarks are used to assess company performance against industry standards but have few or no applications internally as firms evaluate individual business and product lines

In performing a competitor analysis, a company learns that this rival's aim is to dominate a particular technology and become the industry leader in its field. This would be the rival's:

A key economic trend to monitor at the country level is national inflation rates because of its affects on cost structures, governmental policies and exchange rates