Exam 11: Competitive Advantage in High-Tech Industries

The threat of substitutes is high if alternative products and services will not serve the same function as well as existing products and services.

Strategic dissonance is the situation that occurs when the intent and action of entrepreneurs and managers gets aligned.

Under which of Porter's five forces do you need to consider product differentiation?

What are the skills and abilities used to provide the products that generate value called?

Which industry is most likely to operate under a regime of creative accumulation?

New firms tend to be better at innovation in industries that are not capital intensive.

Whether your company uses a socially complex approach to making products will depend on tacit knowledge where the relationship between cause and effect is not well understood.

Which industry had the highest profit as a percentage of sales for manufacturing industries during 2001-2005?

Which industry had the most significant increase in average firm size from 1980 to 1983?

Which industry has the smallest average firm size?

If your company had a core competency of combining basic research, what would it be classified as?

Which of the following is a category of resources that you use to create and deliver products to generate economic value?

When transforming resources into products what is not required in order for your business to develop a competitive advantage?

In the wireless phone business, which element of the value chain would be occupied by companies like Cingular and Nextel?

If your company had a core competency of developing and bringing together advertising, what would it be classified as?

New firms have an advantage relative to established forms in more advertising intensive industries.

Under which of Porter's five forces do you need to consider the industry growth rate?

When a company is analyzing an industry, which factor would lead the company to believe that the degree of rivalry is high?

Which industry had the lowest proportion of new firms between 1982 and 2000 that became Inc. 500 firms?

List and define Porter's five forces. How can each force be used in assessing the attractiveness of an industry?