Question: 1) Using the Seven Domains Framework at the macro-trend level to understand industries we use? (correct response) Boston Consulting Group Matrix Michael Porter's (5) Forces
1)
Using the Seven Domains Framework at the macro-trend level to understand industries we use? (correct response)
| Boston Consulting Group Matrix | ||
| Michael Porter's (5) Forces | ||
| SWOT Grid/Analysis | ||
| GE McKinsey Nine-Cell Matrix |
2)
Looking at the Seven Domains you have focused on an opportunity for an attractive market -- you have identified a large target market / aging population in the southeast to market /sell long-term health insurance -- what is the macro-environmental trend you have identified--that will contribute to market attractiveness--(provide the correct response)
| natural environment | ||
| geo-political environment | ||
| demographic environment | ||
| economic enviornment |
3)
What is the primary focus of corporate strategy (provide the correct response)
| Effective allocation and coordination of resources to meet organizational objectives within a specific product-market | ||
| Decisions about the organization's scope and resource deployments across divisions | ||
| Addressing which competitive advantage best matches the needs and wants of the target marekt | ||
| How a business competes within its industry |
4)
A forecasting / marketing research approach often used for new product forecasting where neither statistical methods nor observations are possible is to forecast the sales or market potential for a new product or product class using (provide the correct response)
| judgment | ||
| analog | ||
| surveys | ||
| focus groups |
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