Competitive Forces & Strategy

Pregunta	Respuesta
Digital technology makes what easier? (3)	1. Production 2. Distribution 3. Product Maintenance
What is the 'Network Effect'?	A product becomes more valuable when it works in a network. E.g. Facebook is valuable because many people use it so lots of resources
What are three pressures for growth in a 'globalised market'? Digital Company	1. Ease of production, distribution and service 2. Network effect 3. Economies of scale
What are 'stories of unprecedented scale'?	Today there are less companies who share the majority of profit. Image: Screen+Shot+2020 06 04+At+1.50.20+Pm (binary/octet-stream)
How might businesses achieve strategic advantage?	Image: Screen+Shot+2020 06 04+At+1.55.23+Pm (binary/octet-stream)
What is 'Porter's Generic Strategy'?	Image: Screen+Shot+2020 06 04+At+2.00.58+Pm (binary/octet-stream)

Resumen del Recurso

	Creado por Sophia Lynch hace más de 4 años