Strategic Management and Production Differentiation Efforts

governing body policies can have a significant impact on the sightly profitability of firm s in an Industry. Government, however, Is not Included as a potential threat In the five forces model. Should the model be expanded to include government (to make a six forces model)? wherefore or why not? 2. How would you add complementary to the five forces model? In particular, if an Indus try has large numbers of complementary, does that make It more attractive, less(prenominal) attractive, or does it have no impact on the industry attractor?Justify. 3. Which firm will have a higher level of frugal performance (a) a firm with valuable, rare, and costly-to- Imitate capabilities competing In a genuinely attractive Industry or (b) a firm with valuable, rare, and costly-to-imitate capabilities competing In a very unattractive Industry? 4. Will a firm presently experiencing competitive parity be able to gain sustained advent age by studying another firm that is experiencing competitive wages? Why or why not? 5.Firms engage In an truly called forward set when they establish, during the e rely stages of the learning curve, a price for their product that is humble than their actual cost, in an dedication of lower costs later on, after significant learning has occurred. Under what conditions, if any, does forward determine make sense? What risks, If any, do firms engaging In forward pricing f ace? 6. When GOES exist, firms with large volumes of production will have lower costs than too SE with smaller volumes of production. The realization of these economies of scale, however, is far from