Question 1

Define and differentiate competitive rivalry, competitive behaviour and competitive dynamics.

Accepted Answer

Competitive rivalry is the ongoing set o

Question 2

Industry structure is the key driver of competitive behaviour.

Accepted Answer

A) True 
 B)False

Question 3

The probability of a competitive response to a competitive action is based partly on the reputation of the competitor.

Accepted Answer

A) True 
 B)False

Question 4

In slow-cycle markets, firms tend to sustain their competitive advantage through:

Accepted Answer

A) the use of patents 
B) rapid imitation of competitors 
C) the use of differentiation strategies 
D) increases in market size 
A) the use of patents 
B) rapid imitation of competitors 
C) the use of differentiation strategies 
D) increases in market size

Question 5

The greater the resource imbalance between the acting firm and its competitors, the ________ the delay will be in the response of the firm with a resource disadvantage.

Accepted Answer

A) more likely 
B) less likely 
C) greater 
D) smaller 
A) more likely 
B) less likely 
C) greater 
D) smaller

Question 6

Multi-market competition increases competitive rivalry.

Accepted Answer

A) True 
 B)False

Question 7

Competitive rivalry exists only when:

Accepted Answer

A) two or more firms establish their domains and do not challenge each other over those domains 
B) two or more firms jockey with one another in pursuit of an advantageous market position 
C) two or more firms jockey with international firms in pursuit of the world's dominant market position 
D) a firm is willing to accept its market position without regard to its competitors' intentions 
A) two or more firms establish their domains and do not challenge each other over those domains 
B) two or more firms jockey with one another in pursuit of an advantageous market position 
C) two or more firms jockey with international firms in pursuit of the world's dominant market position 
D) a firm is willing to accept its market position without regard to its competitors' intentions

Question 8

Resource similarity plays an important role in a competitor's motivation to attack or respond.

Accepted Answer

A) True 
 B)False

Question 9

Firms in a fast-cycle market are shielded from strong rivalry and increased imitation.

Accepted Answer

A) True 
 B)False

Question 10

In fast-cycle markets, firms achieve their competitive advantage by:

Accepted Answer

A) increasing the speed of innovation 
B) rapid imitation of competitors 
C) the use of differentiation strategies 
D) increasing market size 
A) increasing the speed of innovation 
B) rapid imitation of competitors 
C) the use of differentiation strategies 
D) increasing market size

Question 11

In fast-cycle markets, ________ facilitate rapid imitation.

Accepted Answer

A) the speed of innovation and technology diffusion 
B) reverse engineering and the rate of technology diffusion 
C) reverse engineering and competitor intelligence 
D) the rate of technology diffusion and competitor intelligence 
A) the speed of innovation and technology diffusion 
B) reverse engineering and the rate of technology diffusion 
C) reverse engineering and competitor intelligence 
D) the rate of technology diffusion and competitor intelligence

Question 12

First movers are:

Accepted Answer

A) individuals who lead in the establishment of new industries 
B) firms that are first to exit an industry that begins to enter a decline stage 
C) firms that take an initial competitive action 
D) individuals who move frequently as employment opportunities change in a locale 
A) individuals who lead in the establishment of new industries 
B) firms that are first to exit an industry that begins to enter a decline stage 
C) firms that take an initial competitive action 
D) individuals who move frequently as employment opportunities change in a locale

Question 13

It is much easier for a competitor to implement strategic actions than tactical actions.

Accepted Answer

A) True 
 B)False

Question 14

Larger firms are more able and more likely than smaller companies to launch competitive actions, and they tend to do so more quickly.

Accepted Answer

A) True 
 B)False

Question 15

Both ________ affect the awareness and motivation of a firm to undertake actions and responses.

Accepted Answer

A) first-mover advantages and corporate size 
B) market commonality and resource similarity 
C) management capabilities and competitive analysis 
D) speed of management decisions and management actions 
A) first-mover advantages and corporate size 
B) market commonality and resource similarity 
C) management capabilities and competitive analysis 
D) speed of management decisions and management actions

Question 16

Define market commonality? What are the characteristics of competition and rivalry when firms engage in multi-market competition?

Accepted Answer

Market commonality is concerned with the

Question 17

What are the advantages and disadvantages of being a first mover, second mover and late mover?

Accepted Answer

First movers can gain a competitive adva

Question 18

A competitive response is a(n):

Accepted Answer

A) move taken to counter the effects of a competitor's action 
B) action taken to initiate a strategic change in an industry 
C) ineffective action for a firm to pursue 
D) move that applies only to for-profit enterprises 
A) move taken to counter the effects of a competitor's action 
B) action taken to initiate a strategic change in an industry 
C) ineffective action for a firm to pursue 
D) move that applies only to for-profit enterprises

Question 19

A tactical competitive action involves a significant commitment of specific and distinctive organisational resources.

Accepted Answer

A) True 
 B)False

Question 20

Quality exists when:

Accepted Answer

A) a firm's goods meet or exceed customers' expectations 
B) a firm's top management team seeks to continuously improve product quality 
C) employees meet in small groups or circles and seek to develop solutions to problems facing the firm and work through any intergroup difficulties 
D) a competitive advantage is assured for the firm 
A) a firm's goods meet or exceed customers' expectations 
B) a firm's top management team seeks to continuously improve product quality 
C) employees meet in small groups or circles and seek to develop solutions to problems facing the firm and work through any intergroup difficulties 
D) a competitive advantage is assured for the firm

Define and differentiate competitive rivalry, competitive behaviour and competitive dynamics.

Industry structure is the key driver of competitive behaviour.

The probability of a competitive response to a competitive action is based partly on the reputation of the competitor.

In slow-cycle markets, firms tend to sustain their competitive advantage through:

The greater the resource imbalance between the acting firm and its competitors, the ________ the delay will be in the response of the firm with a resource disadvantage.

Multi-market competition increases competitive rivalry.

Competitive rivalry exists only when:

Resource similarity plays an important role in a competitor's motivation to attack or respond.

Firms in a fast-cycle market are shielded from strong rivalry and increased imitation.

In fast-cycle markets, firms achieve their competitive advantage by:

In fast-cycle markets, ________ facilitate rapid imitation.

First movers are:

It is much easier for a competitor to implement strategic actions than tactical actions.

Larger firms are more able and more likely than smaller companies to launch competitive actions, and they tend to do so more quickly.

Both ________ affect the awareness and motivation of a firm to undertake actions and responses.

Define market commonality? What are the characteristics of competition and rivalry when firms engage in multi-market competition?

What are the advantages and disadvantages of being a first mover, second mover and late mover?

A competitive response is a(n):

A tactical competitive action involves a significant commitment of specific and distinctive organisational resources.

Quality exists when:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition and Competitor Analysis

The Internal Environment: Resources, Capabilities, Core Competencies and Competitive Advantages

Business-Level Strategy

Corporate-Level Strategy

Acquisition and Restructuring Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organisational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters

Exam 5: Competitive Rivalry and Competitive Dynamics

Define and differentiate competitive rivalry, competitive behaviour and competitive dynamics.

Industry structure is the key driver of competitive behaviour.

The probability of a competitive response to a competitive action is based partly on the reputation of the competitor.

In slow-cycle markets, firms tend to sustain their competitive advantage through:

The greater the resource imbalance between the acting firm and its competitors, the ________ the delay will be in the response of the firm with a resource disadvantage.

Multi-market competition increases competitive rivalry.

Competitive rivalry exists only when:

Resource similarity plays an important role in a competitor's motivation to attack or respond.

Firms in a fast-cycle market are shielded from strong rivalry and increased imitation.

In fast-cycle markets, firms achieve their competitive advantage by:

In fast-cycle markets, ________ facilitate rapid imitation.

First movers are:

It is much easier for a competitor to implement strategic actions than tactical actions.

Larger firms are more able and more likely than smaller companies to launch competitive actions, and they tend to do so more quickly.

Both ________ affect the awareness and motivation of a firm to undertake actions and responses.

Define market commonality? What are the characteristics of competition and rivalry when firms engage in multi-market competition?

What are the advantages and disadvantages of being a first mover, second mover and late mover?

A competitive response is a(n):

A tactical competitive action involves a significant commitment of specific and distinctive organisational resources.

Quality exists when:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition and Competitor Analysis

The Internal Environment: Resources, Capabilities, Core Competencies and Competitive Advantages

Business-Level Strategy

Corporate-Level Strategy

Acquisition and Restructuring Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organisational Structure and Controls

Strategic Leadership

Strategic Entrepreneurship

Filters