Exam 6: Crafting Business Strategy of Dynamic Contexts

Revolutionary strategies can be created by searching for industries that have opportunities to benefit from increases in ________.

What are the three things managers can do to redefine their arenas?

All of the following are phases of competitive interaction except ________.

New-market creation emphasizes capabilities that ________.

Incumbents who pursue a ________ strategy aggressively often succeed in short circuiting the moves of new entrants before they make them.

The process of maximizing the upside or limiting the downside of an investment opportunity by uncovering and quantifying the options and discussion points embedded within it is referred to as ________.

When complementary assets are tightly held and the first mover has weak protection from imitation, the value-creating opportunities favor the holders of the complementary assets.

In reality, most newcomers adopt some combination of ________ and ________ disruption strategies.

Complex and unpredictable aggressive moves lead to improved market positions for successful attackers.

A graphical depiction of how a firm and major groups of its competitors are competing across its industry's factors of completion is referred to as the ________.

The five competitive strategies for use in a dynamic environment are purely defensive strategies.

Examples of industry convergence include all but which of the following?

The purpose of the containment strategy is to minimize the risks entailed by being a first mover.

Industries that used increases in scale that were unconventional at the time in their industries include all except ________.

Name the three dimensions that cause dynamic contexts.

Define first mover.

The absorption strategy works well when the firm has identified the threat at an early stage.

High-end disruptions rarely offer features that satisfy the best customers in the industry.

In the financial services industry, rescaling has been accomplished mostly through ________.

A firm's strategy should be consistent with its strengths and its ability to seize opportunities.