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Industry: Steel Industry References https://www.steel.org/industry-data/reports/ https://blog.boydmetals.com/the-past-present-and-future-of-the-american-steel-industry Competitive & Business Forces Analysis Industry Analysis What causes the industry competitive structure and business environment to change? From

Industry: Steel Industry

References

https://www.steel.org/industry-data/reports/

https://blog.boydmetals.com/the-past-present-and-future-of-the-american-steel-industry

Competitive & Business Forces Analysis

Industry Analysis

What causes the industry competitive structure and business environment to change? From the list below, identify the 4 most dominant forces driving change in your industry and assess their impact on the industry. Include for each one of the 4 that you chose, a description of why it will have significant impact on your industry.

  • globalization
  • industry growth (rate)
  • entry or exit of firms
  • who buys/how product is used
  • preferences for differentiated products
  • product innovation
  • e-commerce

  • marketing innovation
  • diffusion of technical know-how
  • technological change
  • changes in cost & efficiency
  • regulation
  • organized labor
  • social issues, ethics, concerns
  • uncertainty & risk

  1. Globalization
  2. Industry Growth
  3. Technology Change
  4. Product Innovation

Do you expect any of these four to change over the next 2-4 years? If so, list the ones you expect to change and describe how or what you expect to change.

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