Sept 17: Market Share and Industry Concentration Concepts

Market Share

Company's sales portion relative to total market.

HHI

Herfindahl-Hirschman Index measuring industry concentration.

Industry Value Chain

Sequence of activities adding value in production.

Economies of Scale

Cost advantages from increased production volume.

Economies of Scope

Cost advantages from producing multiple products.

Corporate Ecosystem

Network of interdependent organizations in business.

Diamond 'E' Framework

Strategy development model considering multiple factors.

Learning Curve Effects

Improved efficiency with increased experience in tasks.

Product Differentiation

Distinct features making a product unique.

Meta-markets

Markets formed by complementary products and services.

NAICS

North American Industry Classification System codes.

Market Concentration

Distribution of market shares among firms.

Hyper-competition

Rapid and intense competition in markets.

First Mover Advantage

Benefits gained by being the first in a market.

Vertical Integration

Merging with suppliers or distributors.

Horizontal Integration

Merging with competitors in the same industry.

Switching Costs

Costs incurred when changing suppliers or products.

Stage of Industry Development

Current phase of growth or maturity of an industry.

Technological Change Pace

Speed at which technology evolves in an industry.

Concentration Ratio

Measure of market share held by top firms.

Mergers and Acquisitions (M&A)

Corporate strategies for growth through consolidation.

Industry Structure

Composition and characteristics of firms in an industry.

Fragmented Industry

Many small firms with no dominant market share.

Consolidated Industry

Few firms dominate the market share.

Perfect Competition

Market structure with many buyers and sellers.

Monopolistic Competition

Many firms offering differentiated products.

Oligopoly

Few firms dominate the market, influencing prices.

Monopoly

Single firm controls the entire market.

Net Income Power Curve

Graph showing income distribution among companies.