1. Why do managers use strategic analysis? 2. Describe a firm's macro environment and how managers use PESTEL to understand it. 3. What is a firm's micro environment and why is it important? 4. When does a firm have a competitive advantage over its rivals? 5. What do strategic group members have in common with each other? What impact do firms outside a strategic group have on those in that group? 6. How does strategic analysis help a firm develop its own strategic position? Why should that position be unique?

1. Why do managers use strategic analysis? 2. Describe a firm's macro environment and how managers use PESTEL to understand it. 3. What is a firm's micro environment and why is it important? 4. When does a firm have a competitive advantage over its rivals? 5. What do strategic group members have in common with each other? What impact do firms outside a strategic group have on those in that group? 6. How does strategic analysis help a firm develop its own strategic position? Why should that position be unique?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment

Section: Chapter Questions

Problem 9CRQ: What do strategic group members have in common with each other? What impact do firms outside a...

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