Exam 8: Industry Change and Competitive Dynamics

Disruptive technologies can be both product based and process based.

The lifecycle analogy always holds because decline inevitably leads to death.

Even when an industry is in overall decline, there may be pockets of profitability.

Typically, the generic strategy of cost-leadership is adopted during the introduction stage.

The strategy in which the best reaction is no reaction is called:

How can companies, whose innovations outpace the evolving needs of its customers, pursue 'sustaining innovations'?

Price cutting, imitating successful products, or expanding production capacity are examples of competitive actions that might provoke competitors to react.

Which of the following phrases best completes the following sentence? How strong a response an attacked rival can mount will be determined by

During the introduction stage of the industry life cycle the major functional area or concern is research and development.

Provide an example of a company that used the hardball tactic "plagiarize with pride."

At what stage in the lifecycle is a turnaround strategy likely to be employed?

One of the most common reasons that a cycle of competitive actions and reactions get started is

Although all decisions in all phases of an industry life cycle are important, they become particularly critical in the _____ stage. stage.

Two broadly defined types of competitive action include

By far the most potent forces for industry change are

Describe the hardball tactic where the company unleashes a massive and overwhelming force.

What are the key considerations for the rejuvenation of a firm in an industry that is in the maturity or decline stage of the lifecycle?

The underlying reasons that explains why companies launch new competitive initiatives is desire to

________ change occurs when core assets are not threatened but core activities are.

In general, the industry lifecycle implies an evolutionary change and gradual progression from one stage to the next.