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

There are many challenges to complying with the Dodd-Frank Wall Street Reform and Consumer Protection Act to the tracking of materials from more than two million small scale or subsistence miners in the Eastern Congo.Modern supply-chain logistics are not very relevant in these environments.This is an example of which segment of the general environment?

Complements are products or services that have a potential impact on the ________ of the products or services of that company.

Technological innovations can create entirely new industries and alter the boundaries of industries.

The Internet and digital technologies suppress the bargaining power of buyers by providing them with more information to make buying decisions.

The strategic groups concept is valuable for charting the ________ directions of firm strategies.

Ted Turner saw the potential of 24-hour news before anyone else.This is an example of perceptual acuity.

In the general environment,which of the following is not a demographic trend?

Even with all the advances in recent years,forecasting is typically considered more of an art than a science and it is of little use in generating accurate predictions.

Incumbent firms may enjoy increased bargaining power because the Internet

Environmental forecasting does not involve plausible projections about the ________ of environmental change.

The strategic groups concept is valuable for identifying groups with ________ competitive positions.

The bargaining power of suppliers increases as

Environmental monitoring deals with tracking changes in environmental trends that are often uncovered during the environmental scanning process.

Perceptual acuity,according to Ram Charan,is the ability to know for certain what will happen in the future.

Which of the following would be an entry barrier?

Executives must be careful to avoid spending so much time and effort tracking the actions of ________ that they ignore ________.

Two of the key inputs to developing forecasts discussed in the text are

Scanning the general environment would identify information on

Professor Tamara Erickson says that members of different generations bring different experiences,assumptions,and benefits to the workforce.She believes companies can gain a great deal from creating a culture that welcomes workers of all ages and in which leaders address biases.This is an example of which segments of the general environment?

All of the following are important elements of the political and legal segment of the general environment except