Strategic Management
Strategic Management
3rd Edition
ISBN: 9781259420474
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Chapter 4, Problem 3DQ
Summary Introduction

To explain: If the measure is independent or interdependent.

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Explain why social and environmental sustainability is seen as being of growing importance to businesses. Consider ways in which a company's annual reporting may contribute to embedding sustainability into stakeholder decision-making.
An industry's key success factors A) can be determined from studying the "winning" strategies of the industry leaders and ruling out as potential key success factors the strategy elements of those firms considered to have "losing" strategies.   B) depend on the relative competitive strengths of the industry leaders and how vulnerable they are to competitive attack.   C) are a function of market share, entry barriers, economies of scale, degree of vertical integration, and industry profitability.   D) can be determined through identifying an industry's dominant economic characteristics, assessing the five competitive forces,  and considering the impacts of the driving forces.   E) vary according to whether an industry has high or low long-term attractiveness.
Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.
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