Exam 6: Crafting Business Strategy of Dynamic Contexts

What can firms do to avoid or withstand a technological discontinuity?

Over time, a change in the basis of competitive advantage will cause advantage to shift from firms favored by industry conditions to those with obsolete resources and capabilities.

The annulment strategy is less about quashing the competition than about making it ________.

Explain the four underlying phases of competitive interaction.

Technological change is particularly risky when it primarily affects business processes.

In some cases, a first-mover strategy can actually be a liability.

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 ________.

_____ are an example of downscaling in an industry.

A strategy that targets the least desirable of incumbents' customers is referred to as ________.

A conventional way to reconfigure the value chain is to compress it by ________.

A firm contemplating a second-mover strategy should consider the inimitability of its new product.

If new technology is introduced by a new entrant, it stands a good chance to attain market dominance.

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

Managers can use all but which tool to formulate a strategy and hammer out a strategic position?

Complementors ________ in an industry.

What is the neutralization strategy?

Incumbent firms can respond to industry dynamism through all of the following strategies except ________.

Competitive advantage is developed when a firm can create value in similar ways to their rivals.

Firms need some degree of ability to thrive in chaotic environments in order to survive.

Technological disruptions cause leading firms to fall by the wayside.