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1. Changes in long-term industry growth rate
TV, VCR, music cassettes, cell phones, food
2. Changes in who buys the product and how they use it
Youth, women, elderly, developing nations
3. Product innovation
PDAs, automobiles, pharmaceuticals
4. Marketing innovation
Web, cell phones, sporting events
5. Entry or exit of major competitors
Starbucks, Columbus Café, YSL retires…
6. Diffusion of technical knowledge
Higher “comfort level” with computers, more producers
7. Increasing globalization of industry
Music, films, fashion, food
8. Changes in cost and efficiency
Napster, Kazaa, online publications
9. Shift from standardized to differentiated products and vice-versa
Coca Cola, fast food, Smart, “mass customization”(Dell computer)
10. Regulatory influences and government policy changes
The Euro, China+WTO, NAFTA, environmental policy
11. Changing societal concerns, attitudes, lifestyles
Anti-aging, insecurity, “lifestyle” pharmaceuticals
12. Changes in degree of uncertainty and risk
Terrorism, financial markets, political changes
YOUR MISSION
1, Identify the 3 strongest driving forces in your industry
+give examples/evidence
2. Discuss the specific impact of each driving force
-in the short term (2005)
-in the longer term (2015) (predictions) |
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