SGMA 591 Lecture Notes - Lecture 5: American National Insurance Company, Creative Destruction, Investment Banking

• School: University of Calgary
• Department: Strategy and Global Management
• Course: SGMA 591
• Professor: Ayesha Malhotra

Document Summary

And htose expectations aren"t set by us or by our competitors; they"re set out side our industry by. That"s who we"re competing against really : s. c. campbell, evp, american national insurance company (ibm article) The vast majority of c-suites presumably have no intention of trying to uberize the ubers themselves : ibm c-suite (2015) Extending 5 forces analysis: how much does industry matter, role of complements, revisiting industry analysis. Porter"s framework assumes: a) industry structure drives competitive behaviour, b) industry structure is (fairly) stable. However, competition changes industry structure: important structural changes are driven by: Schumpeterian competition perennial gale of creative destruction . Hyper competition intense and rapid competition moves that continuously create new competitive advantages . Industry convergence is a significant phenomenon: when boundaries between two industries dissolve. Firms become direct competitors (greenstein & khanna, Examples: cell phones and pcs, cable and telecom, trucking and railroads, bank loans and securities.