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Strategic Management
, Sixth Edition
Charles W. L. Hill, University of Washington
Gareth R. Jones, Texas A&M University
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 |  | Chapter Outlines
Chapter 2:
External Analysis: The Identification of Industry Opportunities and Threats
I. Overview
II. Defining an Industry
- Industry and Sector
- Industry and Market Segments
- Changing Industry Boundaries
III. Porter's Five Forces Model
- Risk of Entry by Potential Competitors
- Brand Loyalty
- Absolute Cost Advantages
- Economies of Scale
- Customer Switching Costs
- Government Regulation
- Rivalry Among Established Companies
- Industry Competitive Structure
- Industry Demand
- Exit Barriers
- The Bargaining Power of Buyers
- The Bargaining Power of Suppliers
- Substitute Products
- A Sixth Force: Complementors
IV. Strategic Groups within Industries
- Implications of Strategic Groups
- The Role of Mobility Barriers
V. Industry Life Cycle Analysis
- Embryonic Industries
- Growth Industries
- Industry Shakeout
- Mature Industries
- Declining Industries
VI. Limitations of Models for Industry Analysis
- Life Cycle Issues
- Innovation and Change
- Company Differences
VII. The Macro-Environment
- Economic Forces
- Technological Forces
- Demographic Forces
- Social Forces
- Political and Legal Forces
VIII. The Global and National Environments
- The Globalization of Production and Markets
- National Competitive Advantage
- Factor Endowments
- Local Demand Conditions
- Competitiveness of Related and Supporting Industries
- Intensity of Rivalry
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