str wk 2 discussion

Ch 2

RAFIKI I WAS LAZY AND I COPIED AND PASED THE QUESTIONS, AGAIN YOU DON’T HAVE TO ANSWER THEM PICK A CONCEPT FROM EACH QUESTION AND WRITE A SHORT PARAGRAPH TO DEMONSTRATE I UNDERSTOOD THE CHAPER OK.

· 1. Explain the importance of analyzing and understanding the firm’s external environment.

· 2 Define and describe the general environment and the industry environment.

· 3 Discuss the four parts of the external environmental analysis process.

· 4 Name and describe the general environment’s seven segments.

· 5 Identify the five competitive forces and explain how they determine an industry’s profitability potential.

· 6 Define strategic groups and describe their influence on firms.

· 7 Describe what firms need to know about their competitors and different methods (including ethical standards) used to collect intelligence about them.

8. ORGANNIZATIONAL INTELIGENCE.