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Question
Strategic groups are groups of companies in which each company follows a strategy that is similar to that pursued by other companies in the group, and is the same strategy followed by companies in other groups.Answer
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The two main innovations in a multidivisional structure (over a functional or product structure) are
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List and briefly discuss each of the elements of Michael Porter's Five Forces Model.
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b) Social forces
c) Embryonic forces
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The threat from new entrants is greatest in the _________ stage of the industry life cycle.
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In growth industries,
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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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