Exam 2: Analyzing the External Environment of the Firm: Creating Competitive Advantages

In 2014,Audi introduced the Q3 SUV at a base price of only $32,500.And BMW,with its 1-series,is another well-known example.Such cars,priced in the low $30,000s,compete more directly with products from broad-line manufacturers like Ford,General Motors,and Toyota.This suggests that members of a strategic group can overcome ________ barriers and migrate to other groups that they find attractive if they are willing to commit time and resources.

Product differentiation by incumbents act as an entry barrier because

Scenario analysis is a superficial approach to forecasting that seeks to explore possible developments that many only be connected to the past.

Environmental analysis requires continual questioning of all these assumptions except

Data Analytics are being used by corporations to understand their customer purchasing patterns.This is an example of which segment of the general environment?

Reintermediation is responsible for an overall reduction in business opportunities.

Although changes in the general environment may often adversely or favorably impact a firm,they seldom alter an entire industry.

The value net is a game-theoretic approach that

Nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms.These firms paid a royalty to Nintendo for each copy of the game sold.This is an example of Nintendo using ________ products.

SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan.

An automobile manufacturer acquires a rental car company.This is an example of

The Dodd-Frank Wall Street Reform and Consumer Protection Act require companies to disclose whether any tin,tantalum,tungsten or gold in their supply chain is connected to violent militia groups in the Congo or nine surrounding countries,including Angola,Rwanda,and Sudan.This is an example of which segment of the general environment?

In the SWOT framework,________ are internal factors that are specific to the company.

The strategic groups concept is valuable for assessing the implications of industry ________ for the strategic group as a whole.

Using the five-forces model,explain how the threat of new entrants might affect a U.S.-based manufacturer of lead acid batteries used for industrial storage.

In the SWOT framework,Opportunities and Threats are environmental conditions internal to the firm.

Scenario planning is a useful technique for firms competing in industries characterized by ________ and ________.

Competitive intelligence generally does not benefit very much from gathering information on competitors from sources in the public domain.

When the management frame of reference gets out of touch with the realities of the actual business situation,what can happen to the firm?

Which of the following is not an example of corporate competitive intelligence?