Business strategy, as distinct from corporate strategy, is chiefly concerned with○ making sure the strategic intent of a particular business is in step with the company's overall strategic intent andstrategy.○ deciding how to build competitive advantage and improve performance in a particular line of business.○ coordinating the competitive approaches of a company's different business units.deciding what new businesses to enter, which existing businesses to get out of, and which existing business to remainin.○ what business model to employ in each of the company's different businesses. Driving-forces analysis typically does not includedetermining whether forces are acting to make competition more or less intense.O determining whether forces are acting to strengthen or weaken market demand.○ determining whether forces are acting to cause fundamental changes in industry conditions and/or the industry'scompetitiveness.○ determining whether forces are acting to cause industry rivals to shift to a different strategic group.○ determining whether forces are acting to raise or lower industry profitability.

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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