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Add to Chrome It's free Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position. Home » Questions » To improve performance there are many different avenues for outcompeting rivals QuestionTo improve performance, there are many different avenues for outcompeting rivals such as A) realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth. B) creating products analogous with competitors so as to be competitive in the same markets. C) pursuing similar personalized customer service or quality dimensions as rivals. D) being undecided whether or not to concentrate operations on local versus global markets. E) strengthening competitiveness by pursuing strategic alliances and collaborative partnerships.
AnswerThis answer is hidden. It contains 227 characters. 6.To improve performance, there are many different avenues for outcompeting rivals such as:A.realizing a higher cost structure and lower operating profit margins than rivals in order to drivesales growth.B.achieving products analogous with competitors so as to be competitive in the same markets.C.pursing similar personalized customer service or quality dimensions as rivals.D.confining their operations to local or regional markets or developing product superiority or evenconcentrating on a narrow product lineup.E.None of these. AACSB: AnalyticBlooms: UnderstandDifficulty: 1 EasyLearning Objective: 01-01 Learn what we mean by a companys strategy.Thompson - Chapter 01 #6Topic: What Do We Mean by Strategy?7.A company's strategy is most accurately defined as: Get answer to your question and much more AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-01 Learn what we mean by a companys strategy.Thompson - Chapter 01 #7Topic: What Do We Mean by Strategy?8.Every strategy needs: Get answer to your question and much more AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-01 Learn what we mean by a companys strategy.Thompson - Chapter 01 #8Topic: What Do We Mean by Strategy? 6.To improve performance, there are many different avenues for outcompeting rivals such as:A.realizing a higher cost structure and lower operating profit margins than rivals in order to drive sales growth.B.creating products analogous with competitors so as to be competitive in the same markets.C.pursuing similar personalized customer service or quality dimensions as rivals.D.confining operations to local or regional markets or developing product superiority or concentrating on anarrow product lineup.E.strengthening competitiveness by restricting strategic alliances and collaborative partnerships whencompared to rivals. We have textbook solutions for you!The document you are viewing contains questions related to this textbook. Business & Society: Ethics, Sustainability & Stakeholder Management Buchholtz/Carroll Expert Verified 7.A multinational company enters a new geographical location, considered an emerging market, with itsestablished product line: laptops and tablets. Which of the following would NOT serve as a good strategic moveto enhance profits? Get answer to your question and much more Get answer to your question and much more 9.A company's strategy is NOT concerned with management's choices about how to: Get answer to your question and much more 10.FaberRoad, a respected courier brand, is fast losing its market share to competitors who do overnight deliveriesof packages or offer lower prices. The company's research department has found that many customers caremore about knowing exactly when a package will arrive than getting it the next day. Which strategy would bestaddress the current state of FaberRoad and help it regain its market?A.Employing night delivery drivers at a high cost and maintenance chargesB.Developing radio tags that could be attached to packages to allow for real-time tracking by customers' PCsand mobile phonesC.Diversifying the different types of packages that can be transported and enabling booking through callsD.Acquiring small transportation companies with cheaper trucks and tempos, rebranding, and using them fordeliveriesE. Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 39 pages? Upload your study docs or become a Course Hero member to access this document What are the two basic ways that companies achieve competitive advantage over their business rivals?There are two basic types of competitive advantage: cost leadership and differentiation. This book describes how a firm can gain a cost advantage or how it can differentiate itself.
What provides a roadmap to improving a firm's competitive situation?A strategic plan provides a business with the roadmap it needs to pursue a specific strategic direction and set of performance goals, deliver customer value, and be successful.
What separates a powerful strategy from a run of the mill or ineffective one quizlet?What separates a powerful strategy from a run of the mill ineffective one: management's ability to forge a series of moves, both in the marketplace and internally, that sets the company apart from rivals, and produces sustainable competitive advantage.
Why does a company's strategy tend to be a work in progress?Answer and Explanation: The correct answer is c. ongoing need of company managers to react and respond to changing industry and competitive conditions. The management of a firm changes its strategy, and it evolves continuously to adapt to the changing business environment.
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To improve performance, there are many different avenues for outcompeting rivals such as
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