Exam 11: Competitive Advantage in High-Tech Industries

In creatively destructive industries, entrepreneurs enter with new firms; challenge established firms on the basis on new ideas; disrupt the old ways of production, organization, and distribution; and replace the old firms.

How many firms are typically used in determining an industry's concentration rate?

When a company is analyzing an industry, which factor would lead the company to believe that they have low buyer power?

If your company had a core competency of inventory logistics, what would it be classified as?

What is the description of activities that are used to produce and deliver a product to customers called?

What are the assets that a firm employs in its efforts to generate economic value called?

Overall the average firm size within industries rose between 1980 and 1983.

Under which category of resources would you classify trade secrets?

The value chain is a description of activities that are used to produce and deliver a product to customers.

What approach to making products is most likely to rely on tacit knowledge where the relationship between cause and effect is not well understood?

Which industry had the most significant decline in average firm size from 1980 to 1993?

Under which of Porter's five forces do you need to consider exit barriers?

The degree of rivalry is high if products are commodities and cannot be easily differentiated.

When determining the rivalry among existing firms, you need to examine the industry growth rate.

Buyer power measures the degree of power that customers have over companies in the industry.

What generally happens when advertising is initially introduced?

What are the capabilities that are used to generate values across many firm activities called?

Telecommunications is an industry in which the process of creative destruction tends to be found.

If your company had a core competency of quality control, what would it be classified as?

Which industry has the largest average firm size?