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How can a company identify and respond to emerging trends and disruptions in its industry through strategic foresight?"
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- How can a company adapt its business processes to changing market conditions and customer needs?Business Strategic Management How do the five forces of competition in an industry affect its profitability potential?What role does technology play in shaping the business environment, and how can companies leverage technological advancements to gain a competitive edge?
- Why is it important to understand external business?Compare and contrast industry market potential and company sales potential. How is an estimate of industry market potential helpful to managers? What factors are necessary to determine industry market potential?How did a particular company successfully navigate a crisis or significant change in their industry?
- Select an industry and consider how the industry life cycle has affected business strategy for the firms in that industry over time. Detail your answer based on each stage: introduction, growth, shakeout, maturity, and decline.Identify four factors that affect whether an industry does or does not present a company with a good business opportunity.How does the competitive landscape of an industry influence the business environment, and what strategies can companies employ to thrive in a competitive market?
- explain strategic execution versus strategic planning response to technological change or disruptionHow do changing consumer preferences and societal trends impact businesses, and how can companies effectively respond to these shifts to remain competitive and relevant in the market?How is a business's products and services positioned relative to their competitors?