Exam 9: Competitive Dynamics

This is a joint venture or partnership formed with other companies (sometimes competitors) to develop a new technology, process, or other type of strategically important resource.

A set of strategy or competitive maps showing the current relative market positions and historical trending of companies in an industry is unlikely to help a company predict competitor moves since past behavior does not predict future behavior well.

Two occasions when cooperation between competitors may be useful are when competition is unusually destructive or when collaboration can lead to developments that exceed the capacity of any one company.

According to the opening vignette for the chapter, which of the following is one of the major players in the video game industry?

The containment competitive response to a strategic threat involves forming a strategic alliance with the threatening organization or forming a group to influence the threatening organization by setting broad standards for accepted and acceptable practices in the industry.

We can classify organizations as Prospectors, Defenders, Analyzers or Reactors based on their ________, which may very well predict what they will do in the future.

Benchmarking requires a company to identify the best practices used by unrelated companies outside of its own industry.

A company that provides a complete, detailed record of all available public information about a particular company, area, person, or situation offers what is known as a data development service.

Which of the following is not one of the characteristics of a hostile industry environment?

As a first step to predicting the moves of competitors how can one classify organizations?

Briefly contrast and compare the characteristics of benign and hostile environments.

A technique that allows organizations to consider potentially dramatic shifts in their business environments over a set time frame and to map out a set of actions that can be taken should warnings of those shifts occur is called

The annulment competitive response to a strategic threat often involves aggressive actions such as legal maneuvers, giving away benefits offered by a new competitor for free, or engaging in a process of continuously improving existing products.

The competitive response to a strategic threat that involves moves that include co-opting the threat by purchasing the threatening organization itself or forming a group to influence it by setting broad standards for acceptable practices is called

Should a threat be truly strategic, a competitive response such as ________ is needed to avoid a significant impact on the long-term performance of the company.

This type of company tends to view the industry from its own perspective and that of customers rather than being concerned with the competition and is often a leader of industry change.

The technique that causes organizations to consider dramatic shifts in their business environments over a set time period and then to map out a set of actions to take if warning signs of those shifts occur is called environmental impact analysis.

An Analyzer merely reacts (often very slowly) to changes or conditions in the competitive environment rather than actively seeking advantages and is usually an unstable form of organization.

A firm's suppliers are not often a source of information about competitors since rivals typically use different suppliers.

A style of tactical response that companies might use in dealing with regulators, direct competitors, and stakeholders is to