Industry and Sector Analysis Flashcards
1
Q
Environment Influence
A
Environment influence closest to an organisation includes the industry or sector.
2
Q
How can industries and sectors be analysied in terms of Porter’s Five Forces?
A
Barriers to Entry, Substitutes, Buyer Power and Rivalry.
3
Q
What do Porter’s Five Forces Combine with?
A
Complements, these determine industry or sector attractiveness and possible ways of managing strategy.
4
Q
What are industries and sectors? How can their change be analysed?
A
- They are dynamic.
- I|n terms of the industry life cycle and comparative five forces radar plots.
5
Q
What does strategic group analysis and market segment analysis help identify?
A
Strategic gaps of opportunities within a market.
6
Q
What are Blue and Red Ocean Strategies?
A
- Means of neutralising strong competitive forces and thus avoiding red oceans with many similar rivals and low profitability.
7
Q
How are Blue Ocean and Red Ocean Strategies Analysed?
A
- Strategy Canvas
