Exam 6: Crafting Business Strategy of Dynamic Contexts

Any firm that invests in resources and capabilities that support innovation and not retaliation may be only prolonging its inevitable demise.

The industry life cycle can predict how quickly the drivers of industry demand will evolve.

A firm that is a second mover is also a late mover.

Antitrust laws make it easier to contain or neutralize the growth of a new product.

Diagram the relationship between the status of complementary assets and the bases of first-mover advantages.

Southwest Airlines is a very successful low-end disrupter.

What are the four underlying phases of competitive interaction?

Industry convergence occurs when two distinct industries evolve toward a(n) ________.

When new technology is developed by new entrants, incumbent firms face the very real possibility that they will be marginalized or eliminated.

Reacting to change involves responding to all of the following except ________.

The shaping strategy is all about making the competition irrelevant.

Reacting to change means foreseeing the emergence of complementary technologies.

Research suggests that revolutionary strategies that can introduce dynamic change tend to fall into one of three categories that include all except ________.

An innovation that dramatically advances an industry's price-versus-performance frontier is called ________.

The speed of change is a critical factor in keeping up with the basis of competition in an industry.

Large firms may use funding to pursue shaping strategies.

All of the following should be considered by a firm contemplating a first-mover strategy except ________.

Disruptive technologies are those that change the face of the business environment by altering who the leaders are.

Successful strategies increasingly require that firms change the rules of the game.

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