What supply and demand factors are influencing the current industry equilibrium? What types of economies are most relevant for firms in the industry? Will firms with large shares earn above-normal profits? Are the positions of incumbents “contestable”? Are these industries global or local? Does a firm’s success in one industry yield competitive advantages in others? Do the valuations of individual companies operating in these industries make sense? How will major technological changes, e.g., 5G and AI, affect the industry and individual firms? What regulatory and legal issues are most relevant?
These and many other questions were discussed during my semester exchange at the Yale School of Management as part of my Executive MBA program.