ADMS 1000 Study Guide - Midterm Guide: Dominant Design, Corporate Social Responsibility, A Question Of Balance

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Peter Modir

Document Summary

Chapter 9 responding to the enviroment: developing strategy. Five forces model: allows us to systematically assess the industry environment: bargaining power of suppliers -- suppliers can demand better prices or they will lower their quality. -number of suppliers relative to number of incumbents. Many computers companies (dell, h. p, etc) and only two processor chip supplier (intel and amd: bargaining power of buyers -- buyers can demand lower prices and/or better quality. - factors contributing to buyer power (switching costs, undifferentiated products, importance of products to buyers, the number of incumbent relative to number of buyers ex. -barrier of new entrants increase, as switching cost increase: access to distribution channels. -barrier of new entrants decrease, as access to distribution channel decrease: cost disadvantage independent of scale. - advantages such as government policies, legal protection (ex. Patents and trademarks) and proprietary products: threats of substitutes, firms in an industry compete with other firms in a different industry ex.