question 4 defending competitive advantage identify 3 factors determine W r i t i n g
Total 1500 words
Question 1
The financial crisis of 2008-2010 has been described as a “perfect storm” of unfavorable industry forces.
- Concisely describe the mortgage-backed security industry before the financial crisis using Porter’s 5 forces model. (Mortgage-backed securities were created and sold by investment banks, like Bear Sterns & Goldman Sachs.)
- Describe the 6 characteristics of the general environment of the mortgage-backed security industry and give specific examples of how 4 of them shaped the industry before the crisis.
- Identify 5 examples of industry hyper-competition that contributed to the mortgage-backed security industry’s collapse.
Question 2
Analyzing the Music Recording Industry (businesses that own the property rights to popular music). Competitors in this industry include EMI Music Publishing (http:// Sony Music (http:// Harmonized Records (http:// )), and Sub-Pop Records (http://
- Identify 6 of the 7 segments of the general business environment that we discussed in class. Use specific examples from the music recording business to illustrate each segment.
- Briefly describe Porter’s 5 forces model and identify each force. Use specific examples from the music recording industry to illustrate each force.
- Briefly describe the Value Net and identify each of its 4 major components. Use specificexamples from the music recording industry to illustrate each component.
- Identify your favorite music artist or group.
Question 3
Defending competitive advantage at Wal Mart
1. Define the following terms and specifically illustrate each using the Wal-Mart example.
- Resource
- Capability
- Core Competency
2. What are Wal-Mart’s primary isolating mechanisms?
3. List the 9 components of the value chain and use the Wal-Mart example to specifically illustrate 7 of the 9 components.
Question 4
Defending Competitive Advantage
- Identify 3 factors determine the relative value of a resource to firms, and therefore competitive advantage. Identify these 3 factors and provide a specific, real-world example of each in the retail industry.
- Identify the 3 basic types of isolating mechanisms and provide a specific, real-world example of each in the auto industry.
- In class I argued that a resource or capability needs to have 4 characteristics in order to provide a firm with sustainable competitive advantage. Identify each of these characteristics and provide a specific, real-world example of each from the professional sports or entertainment sectors.
- Question 5
- Big-Picture Strategy
- Concisely describe the Industrial Organization (I/O), Resource-based and Blue Ocean strategies, and highlight the basic differences among them.
- Briefly describe two examples of firms in the energy or food sector using I/O-based tactics.
- Briefly describe two examples of energy or food sector firms using Resource-based tactics.
- Briefly describe two examples of energy or food sector firms using Blue Ocean tactics.