Artikel 5: Strategizing in industrial networks

Question 1

The industrial network approach

Answer 1

• Firms operate in the context of interconnected business relationships, forming networks.
• Strategically, these affect:
  The nature and outcome of the firm’s actions
  The firm’s potential sources of efficiency and effectiveness

Question 2

Core aspects of strategy

Answer 2

• The direction, purpose, strategic leadership, organization and competitive performance of the organization.

Question 3

Three basic network dimensions

Answer 3

RESOURCES
ACTIVITIES
ACTORS

Question 4

A company should:

Answer 4

• Avoid too navel-gazing/self-centered a perspective.
• Analyze its situation in terms of its relations and their connections.
• Relate its activities to those of other firms in order to enhance performance.

Question 5

It is the continuous combining and recombining in business relationships…

Answer 5

…that identify and further develop new resource dimensions.