Slides Questions Part 1

Question 1

What are the six critical success factors?

Answer 1

a

Question 2

Why is achieving financial performance important?

Answer 2

a

Question 3

Why is meeting customer needs important?

Answer 3

a

Question 4

Why is gaining employee commitment important?

Answer 4

a

Question 5

Why is building quality products and services important?

Answer 5

a

Question 6

Why is building a distinct competitive advantage important?

Answer 6

a

Question 7

Explain how each of the critical success factors are connected to each other

Answer 7

a

Question 8

What happens to a firm over time if they do not meet all six critical success factors?

Answer 8

a

Question 9

What are the different components of the Diamond-E framework?

Answer 9

a

Question 10

How does each component of the Diamond-E framework connect to each other? How is it affected by each other?

Answer 10

a

Question 11

What is strategy and why is it important?

Answer 11

a

Question 12

What is the principle logic behind the Diamond-E framework and what happens if it is violated?

Answer 12

a

Question 13

What role does the environment play in the Diamond-E? How?

Answer 13

a

Question 14

What are the elements of each factors of the Diamond-E framework?

Answer 14

a

Question 15

How are the elements of the Diamond-E framework connected with PEST factors?

Answer 15

a

Question 16

Give an example of each element of each factor of the Diamond-E framework and explain if it a threat or opportunity

Answer 16

a

Question 17

How does each factors of the Diamond-E framework affect a firm’s ability to achieve any or all of the critical success factors?

Answer 17

a

Question 18

Provide an example of each element that would represent a threat for a particular industry or business and/or an opportunity for another

Answer 18

a

Question 19

Why is Porter’s Five Forces an improvement over previous conceptions of industry profitability?

Answer 19

a

Question 20

What are the five forces of Porter’s Five Forces and what determines the power/effect of each force?

Answer 20

a

Question 21

What impact does each force in Porter’s Five Forces have on industry profitability? Be specific about how the force affects profitability; what kind of costs does it create, or how does it affect revenues?

Answer 21

a

Question 22

What can a firm do to reduce the impact of each of Porter’s Five Factors

Answer 22

a

Question 23

What kind of strategic questions can I answer using Five Forces Analysis

Answer 23

a

Question 24

How does Porter’s Five Forces apply to services?

Answer 24

a

Question 25

What is the benefit of doing a Five Forces Analysis?

Answer 25

a

Question 26

What is doing a Five Forces Analysis challenging? Why do managers resist doing it?

Answer 26

a