Unit 2 cultural diversity

Type of advancement
Inventions are basic research into principles and relationships in nature resulting in increased knowledge of how the world works.
Innovation
Task environment
The organization’s task environment is often related closely to its industry. An industry
Four dimensions of industry scope
Horizontal scope
Vertical scope
Geographical scope
Competitor Scope
Five forces model competition
Rivalry among firms
Bargaining power of suppliers
Bargaining power of customers
Entry of new competitors
Bargaining power of other stakeholders
Strategic Groups
Are sets of firms competing in
Rivalry among firms
Head to head competition between direct competiti
Rivalry factors
Concentration and balance of competitors
Industry growth
Product or service characteristics
Fixed or storage costs
Capacity
Exit barriers

A supplier or supplier group may gain power when: