Exam 4: Further Topics in Industry and Competitive Analysis

Hyper-competition describes markets characterized by frequent and rapid competitive moves, where advantages are continually eroded and must be continually recreated or rebuilt

What does competitive intelligence involve?

Hyper-competition implies:

The limitations of Porter's approach point to the need to:

Technology-intensive and manufacturing industries are illustrations of:

In Europe, EasyJet, BalticAir, SkyEurope, and Ryanair:

How does a producer of complementary products maximize its relative bargaining power?

Profit pool mapping is a technique that analyzes the vertical structure of an industry and describes the profitability or profit margin at each stage of that industry's value chain

After arriving in Mexico in 1519, the destruction by Hernan Cortes of his own ships was a signal, in game theory terminology, of "commitment" for his troops to the conquest of the Aztec empire

Segmentation is a process through which:

The "prisoners dilemma" can be described as:

An example of an industry recipe is:

If structural change within an industry happens to be very rapid, then Porter's five forces model of competition has limited predictability. How can fast-pace industry firms -such as technology-driven or e-commerce firms-predict their competition?

Porter's five forces model offers a systematic approach to the analysis of competition which is, however, a highly simplified vision of industry competition

Schumpeter's process of "creative destruction" suggests that:

To aid strategic decision making competitive intelligence consists of:

Product range is generally not a pertinent dimension to map strategic groups because most firms within an industry are multi-product organizations

The Schumpeterian vision of competition in industries (the Austrian school of economics) emphasizes innovation and entrepreneurship

How do producers of complementary products share the entire value extracted?

The availability of ink cartridges for my printer illustrates the relationship of "complementarity" existing between these two products