Linda Henricks is thinking about starting a firm in the home health care provider industry. When asked by a potential investor if she had studied the industry, Linda replied, “With the aging of the population and the fact that people are living longer than ever, the home health care provider industry is so full of potential it doesn’t require formal analysis.” In what ways will Linda limit her possibilities with the potential investor if her current attitude about the importance of industry analysis doesn’t change?
Answer to relevant QuestionsThe “You Be the VC 5.2” feature focuses on Ubersense, a company in the sports coaching industry. What environmental trends and business trends favor Ubersense’s unique approach and service? Trends in the motorcycle industry are presented early in this chapter. Revisit this issue by identifying the effects of economic, demographic, and regulatory changes that may affect the motorcycle industry at the time you ...What are Panera Bread’s primary sources of competitive advantage? What are the six major sources of barriers to entry that can restrict a firm’s entry into a market? What factors in the business environment encourage firms to partner to compete?
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