Exam 4: Further Topics in Industry and Competitive Analysis

The contribution of game theory to the field of strategic management is in:

Business model mapping is a useful technique for developing strategy for firms:

A strategic groups consists of:

In common with the Porter five forces framework,the Schumpeterian approach views competitive behavior as the outcome of industry structure.

Signaling refers to:

The tendency for both Coca-Cola and Pepsi to compete through large advertising budgets which have little impact on their relative market shares cannot be a true example of a "prisoners' dilemma" because both firms remain highly profitable.

Competitive intelligence,the systematic collection and analysis of information about rival firms,is:

Where different firms supply different products that link together to form a system,power typically resides with the form that supplies the platform-the interface between the different component products.

Porter's five forces model offers a rigorous,empirically-validated approach to explaining the variation in profitability across industries

The suppliers of video game consoles (Sony,Microsoft and Nintendo)are less able to appropriate the profits generated by the sales of video game systems because of d the growing size and power of the video game developers and publishers.