Strategic Management: Theory: An Integrated Approach

Charles W. L. Hill, Gareth R. Jones, Melissa A. Schilling

Chapter 2 External Analysis: The Identification of Opportunities and Threat - all with Video Answers

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Chapter Questions

Problem 1

Under what environmental conditions are price wars most likely to occur in an industry? What are the implications of price wars for a company? How should a company try to deal with the threat of a price war?

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Problem 2

Discuss the competitive forces model with reference to what you know about the global market for commercial jet aircraft (see the Opening Case). What does the model tell you about the level of competition in this industry?

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Problem 3

Identify a growth industry, a mature industry, and a declining industry. For each industry, identify the following: (a) the number and size distribution of companies, (b) the nature of barriers to entry, (c) the height of barriers to entry, and (d) the extent of product differentiation. What do these factors tell you about the nature of competition in each industry? What are the implications for the company in terms of opporfunities and threats?

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Problem 4

Assess the impact of macro environmental factors on the likely level of enrollment at your university over the next decade. What are the implications of these factors for the job security and salary level of your professors?

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