Exam 3: Analysing the external environment

In an industry analysis in the public sector it is NOT relevant to ask:

In Australia,if a product gains entry to the government's Pharmaceutical Benefits Scheme,the government does not subsidise its cost to users.

Today,business organisations globally are facing increased pressures to improve their:

Not many countries are affected by major technology changes.

Porter claims that ___ contribute(s)to intensity of industry rivalry:

The five forces model is a useful tool of analysing an industry.Briefly discuss the five forces.

In an industry,not all competitors compete directly with each other.Comment.

Porter's 'diamond' model of international competitiveness suggests that where firms cluster,analysis may need to be conducted at:

An industry is defined as:

Industry life cycle models aim to explain organisation and industry growth and decline over time.

In the 'maturity' stage of the industry life cycle,the issue is:

Turbulence that is characterised as discontinuous is:

The factors that influence the bargaining power of suppliers include:

Driving forces determine what the organisation needs to do well to:

The elements of the macro-environment do NOT include:

If it is difficult or costly to withdraw from an industry,competitors may decide to stay in the industry even if they are making losses.

Scenario planning is of most use in industries where there is:

Government policies and regulations can be a barrier to new entrants in an industry.

Economic trends are often key drivers of industry growth.

Scenario planning is an alternative approach in which several different scenarios are developed so that the organisation can consider how it would position itself under each.