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This essay outlines and evaluates the main weaknesses when understanding the business environment
Essay specific features
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Written by:
Jason M
Date added:
December 18, 2013
Level:
University
Grade:
A
No of pages / words:
7 / 1844
Was viewed:
6783 times
Rating of current essay:
Essay content:
Managers may focus on the market of their company, narrowing their definition of the industry. They then forget or less consider other segments that can change quickly and have impact on the whole industry. According to Zahra and Chaples( 1993) "an effective definition of industry boundaries requires consideration of four interrelated issues: domain (where does the industry begin and end), customer group (sector to be served and their specific needs), customer functions (customer need and specific patterns) and critical technology (production, marketing and administrative system)"...
displayed 300 characters
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According to Zahra and Chaples( 1993) "an effective definition of industry boundaries requires consideration of four interrelated issues: domain (where does the industry begin and end), customer group (sector to be served and their specific needs), customer functions (customer need and specific patterns) and critical technology (production, marketing and administrative system)"...
displayed 300 characters
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