Exam 3: External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Keeping in mind the five forces in the airline industry, which of the following best explains the situation in the industry?

What are the two key insights that form the basis of Michael Porter's seminal five forces model.

Which of the following represents an economic factor in a firm's external general environment?

In the smartphone industry, Google is a complementor to Samsung.Which of the following statements best explains why this is true?

With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine to keep themselves entertained when traveling.A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier.As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries.What is this phenomenon best known as?

During periods of high industry growth:

In an industry, the threat of entry is high when:

Briefly discuss the PESTEL framework.

Explain mobility barriers between strategic groups.Refer to the example of the U.S.airline industry.