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Question
If a firm operating in a fragmented industry can find a way to __________, the profit potential is high.a) backwards integrate
b) consolidate the industry
c) change its generic strategy
d) diversify
e) change strategic groups
Answer
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Related questions
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Which form of control was transmitted by Walt Disney?
a) Bureaucratic control through rules and procedures
b) Control through norms and values
c) Financial control through accurate financial statements
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Standardization is employed to squeeze out costs in manufacturing. Standardization may be achieved through standardization of
a) inputs.
b) work processes.
c) outputs.
d) both work processes and outputs.
e) inputs, conversion activities, and outputs.
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As new, small firms grow and mature, which structure are they likely to choose?
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_______________ provides the vehicle through which managers can coordinate the activities of a company's various functions, divisions, and business units to take advantage of their skills and competencies.
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Q:
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When more than two functions or divisions share a common problem, a task force may be the appropriate integrating mechanism.
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The degree of horizontal differentiation in the product structure is higher than in the functional structure.
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The role of organizational structure is to provide managers with specific feedback on how well an organization and its members are performing and building competitive advantage.
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In the value chain, support activities are those involved in the physical creation of the product, its marketing and delivery to buyers, and its after-sales service.
Q:
List and briefly discuss each of the elements of Michael Porter's Five Forces Model.
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a) Economic forces
b) Social forces
c) Embryonic forces
d) Political forces
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Q:
The threat from new entrants is greatest in the _________ stage of the industry life cycle.
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In growth industries,
a) replacement demand is increasing rapidly.
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Q:
Which of the following is not a determinant of the extent of rivalry among established companies?
a) The number and size distribution of companies in the industry
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Substitute products are the products of different businesses or industries that can satisfy similar customer needs.
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The bargaining power of suppliers is the ability to raise the price of inputs or to raise the costs of the industry in other ways.
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Exit barriers are the economic, strategic, and emotional factors that prevent companies from leaving an industry.
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Many fragmented industries are characterized by low entry barriers and commodity-type products that are hard to differentiate.
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Absolute cost advantage is enjoyed by incumbents in an industry and that new entrants cannot expect to match.
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Michael Porter argues that the stronger each of the five forces, the more limited the ability of established companies to raise prices and earn greater profits.
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a) Age
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b) reengineering.
c) TQM.
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