Explain how the general environment and industry environment are highly related. How can such interrelationships affect the profitability of a firm or industry?
Answer to relevant QuestionsExplain the concept of strategic groups. What are the performance implications? Go to the Internet and look up www.kroger.com. What are some of the five forces driving industry competition that are affecting the profitability of this firm? Under what conditions are employees and managers able to appropriate some of the value created by their firm? Using the Internet, look up your university or college. What are some of its key value-creating activities that provide competitive advantages? Why? Look up successful firms in a high-technology industry as well as two successful firms in more traditional industries such as automobile manufacturing and retailing. Compare their market values and book values. What are some ...
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