Limitations of models in the industry. 7)Describe the major limitations of the models for industry analysis. Does the existence of these limitations mean that the models are not useful? Why or why not?
8) Consider the macroenvironment facing a large, international airline headquartered in the United States (such as American Airlines or United Airlines). Give at least three examples of important trends or events from each of the segments of the airline’s macroenvironment (macroeconomic, global, technological, demographic, social, political, and legal), and explain whether each represents a threat or an opportunity for the firm.
9)Identify and describe the four building blocks of competitive advantage. Provide an example of each using a real company situation.
10)Explain the process by which increased production volume leads to lower costs. Give an example from a real or hypothetical firm. Can this process apply to a service organization as well as a manufacturing one? If so, give an example. If not, explain why not.
11) Discuss why superior efficiency is important and the many ways that different parts of the organization can help achieve it.
12) Discuss why superior quality is important, and describe how companies can achieve superior quality.