Across
- 6. _____ Model: A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm.
- 7. _____ effects: Firm performance attributed to the actions managers take.
- 10. Industry _____: Firm performance attributed to the structure of the industry in which the firm competes.
- 12. _____ of Entry: The risk that potential competitors will enter an industry.
- 14. Strategic _____: Firm actions that are costly, long-term oriented, and difficult to reverse.
- 15. Strategic _____: The set of companies that pursue a similar strategy within a specific industry.
- 16. _____ barriers: Obstacles that determine how easily a firm can leave an industry.
- 17. Competitive _____ structure: Elements and features common to all industries, including the number and size of competitors, the firms' degree of pricing power, the type of product or service offered, and the height of entry barriers.
- 18. _____ Forces Model: A framework that identifies five forces that determine profit potential of an industry and shape a firm's competitive strategy.
- 19. Strategic Group _____: A framework that explains the differences in firm performance within the same industry.
Down
- 1. A company that provides a good or service that leads customers to value your firm's offering more when the two are combined.
- 2. Industry _____: A process whereby formerly unrelated industries begin to satisfy the same customer need.
- 3. _____ Analysis: A method to (1) identify an industry's profit potential and (2) derive implications for a firm's strategic position within an industry.
- 4. A group of incumbent companies that face more or less the same set of suppliers and buyers.
- 5. Strategic _____: A firm's strategic profile based on the difference between value creation and cost (V - C).
- 8. A product, service, or competency that adds value to the original product offering when the two are used in tandem.
- 9. Cooperation by competitors to achieve a strategic objective.
- 10. _____ barriers: Obstacles that determine how easily a firm can enter an industry and often significantly predict industry profit potential.
- 11. _____ Effects: The positive effect (externality) that one user of a product or service has on the value of that product for other users.
- 13. _____ Barriers: Industry-specific factors that separate one strategic group from another.