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STRATEGIC MANAGEMENT
TOPIC: EXTERNAL ASSESSMENT
1. Describe the importance of an external assessment in formulating business strategies.
2. What are the most important factors affecting industry attractiveness? Conduct the
Porter’s Five-Forces Model to evaluate competitiveness of the electronic companies. Each
group may choose one company listed below for the purpose of the discussion.
a. Apple Inc
b. Samsung Electronics
c. Huawei
d. Dell Technologies
e. Hitachi
f. Sony
g. Panasonic
h. Intel
i. LG Electronics
j. Microsoft
Step by step
Solved in 2 steps
- The best test of whether potential entry is a strong or weak competitive force is A) whether the industry's driving forces make it harder or easier for new entrants to be successful. B) the strength of buyer loyalty to existing brands. C) whether the strategies of industry members are well matched to the industry's key success factors. D) whether the industry offers an opportunity for a blue ocean strategy. E) to ask if the industry's growth and profit prospects are strongly attractive to potential entry candidates.Pick a company and discuss the following:1. Discuss factors affecting a competitor's likelihood to take competitive actions.2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.Which among the following is true? a) Porter’s 5 forces model focuses on the industry environment and actors who influence industry profitability directly b) The PESTLE model focuses on the larger environment and trends impact a firms strategy indirectly c) Both of the above d) None of the above
- 4. What strategic goal can an IS attain that does not involve wresting market share from competitors?Provide some business exambles.Select an existing company in any industry, and identify the following points: Introduction: Describe the company, its industry, and its business context. Critical incidents: Include any stories of the organization's challenges or achievements. How did it overcome the challenges? How did it accomplish its achievements? Investment potential: Include any of its current issues that need to be addressed or its potential goals for growth. Conclusion: Would you invest in this company? Why or why not?Select an existing company in any industry, and identify the following points: Introduction: Describe the company, its industry, and its business context Critical incidents: Include any strories of any organization challenges or achievements. How did it overcome the challenges? How did it accomplish its achievements? Investment potential: Include any of its current issues that need to be addressed or its potiential goals for growths Conclusion: Would you invest in the company why or why not?
- Societal shocks are not among the principal components of strategic significance in the PESTEL analysis because they are O much harder for companies to anticipate and prepare for because they often begin with little warning. caused by political factors including the extent to which government intervenes in the economy in an ongoing manner. ○ associated with anticipated sociocultural forces that include societal values, attitudes, cultural factors, and lifestyles that impact business. ○ the result of technological factors that include the pace of change and technical developments that have the potential for improving society. ○ dictated by foreseeable economic conditions that include the general economic climate and specific factors such as interest rates, inflation rate, and unemployment rate, as well as conditions in the stock and bond markets that can affect consumer confidence.As of May 2018, what challenges had PT faced in recent years? Assess the factors in the internal and external environment that led to those challenges? Analyze the industry competition conditions that PT faced. Identify the key external factors that affected PT’s strategic decision. Develop a SWOT Analysis for PT to help King develop his strategy. Indicate how each of elements from the four (4) components from your SWOT, can be used to enhance PT’s competitive advantage. Each component of your SWO must have at least three (3) elements If you were Phillip King, chairman of PT, what recommendations – at least four (4), would you make to improve company performance and address the challenges you outlined in question 1. Provide clear justifications for your reasons.The board has been reviewing our current product portfolio with the goal of identifying which markets provide the best opportunities for growth. Central to this discussion is an understanding of what markets have the most barriers to entry, so we can avoid these segments. We have already ruled out any moves into the low end market. In your assessment, which two segments have the most barriers to entry? Sincerely, Lawrence Lawrence Shift Board Member, Strategy | Andrews Corporation O Perfomance and High End Traditional and High End O Size and Performance None of the segments have significant barriers
- 1. Is being a market follower a good competitive strategy? Discuss the advantages or disadvantages of being a market follower and the factors to consider when pursuing this strategy. 2. Discuss the need to understand competitors as well as customers through competitor analysis.Explain market myopia. It is easy to comment on a company and say it was nearsighted in hindsight. But how can you say before-hand whether a company is being nearsighted?In crafting a company's strategy: Answer 1 C) managers need to come up with some distinctive "aha" element to the strategy that draws in customers and produces a competitive edge over rivals. D) managers are well-advised to be risk-averse and develop a "conservative" strategy—"dare-to-be-different" strategies rarely are successful. A) management's biggest challenge is how closely to mimic the strategies of successful companies in the industry. B) managers are wise not to decide on concrete courses of action in order to preserve maximum strategic flexibility.