Exam 8: Business Strategy and Competitive Advantage in Emerging Industries and for Online Businesses

__________ refers to the long-term competitive advantage gained from having products or services that cannot be easily imitated or copied.

Chrysler's introduction of the minivan was an example of which factor influencing first-mover success?

EMI's inability to gain long-term competitive advantage from its development of the CT scanner is an example of which factor influencing first-mover success?

EMI's inability to gain long-term competitive advantage after introducing its CT scanner is an example of its misreading of which factor of uncertainty in emerging markets?

It is not always advantageous to be a first-mover.

List four ways in which online competition differs from prior business contexts.

A first-mover strategy is a guarantee of competitive advantage.

Online firms that pursue narrowly focused strategies are unlikely to be as successful as online firms pursuing either cost leadership or differentiation strategies.

The Internet offers significant opportunities for reducing operating costs of product producing firms, however the same cannot be said of service firms.

List three competitive advantages that first-movers can gain when entering emerging industry environments.

Discuss three factors that distinguish successful first- and second-movers from those firms that are less successful.

List three disadvantages that customers can encounter when shopping online.

__________ involves tailoring online offerings to individual consumers as Amazon.com does with its customer recommendations.

Disadvantages of pure online plays include which of the following?

Litigation can be used as a competitive weapon to delay or defend against market entry by competing firms.

Internet technologies tend to reduce fixed costs while increasing the significance of variable costs.

Cost leadership is widely practiced among online businesses that sell standardized products and services.

Give three downsides related to using a strategy of cost leadership for online sellers of standardized products and services?

First-mover strategies have few of the qualities and objectives of the generic strategy of differentiation.

Which factor/s characterize the dynamic emerging industry contexts in which first-mover decisions must often be made?