1
Q
What is an Industry Life Cycle?
A
A model showing stages of industry development over time.
2
Q
What are the stages of the Industry Life Cycle?
A
Introduction; Growth; Shakeout; Maturity; Decline.
3
Q
When should the Industry Life Cycle be used in an exam?
A
When discussing industry maturity, growth prospects or competitive intensity.
4
Q
What is Porter’s Five Forces used for?
A
Assessing industry competitiveness and long-run profitability.
5
Q
What are Porter’s Five Forces?
A
Competitive rivalry; Threat of new entrants; Threat of substitutes; Buyer power; Supplier power.
6
Q
When should Porter’s Five Forces be used in an exam?
A
When analysing industry structure rather than individual firm performance.
BST ACA
flashcards
Decks in class (16)
# Cards
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Chapter 2 - Strategy and Business13
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Chapter 3 - Purpose and Stakeholders8
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Chapter 4 - Macro Environment8
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Chapter 5 - Industry Environment6
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Chapter 6 - Strategic Capability11
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Chapter 7 - Strategic Options9
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Chapter 8 - International Strategy16
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Chapter 9 - Strategy and Structure8
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Chapter 10 - Risk Management5
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Chapter 12 - Performance Measurement5
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Chapter 13 - Information Systems8
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Chapter 14 - Innovation and Technology10
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Chapter 15 - Change Management4
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Chapter 16 - Ethics and ESG4
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Summary Chapter - Models36
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Model Recognition Tests72
