Exam 6: Crafting Business Strategy of Dynamic Contexts

All of the following may cause a turbulent environment except ________.

Which of the following is not a characteristic mindset of new-market creation?

Why isn't the lag of second movers necessarily detrimental?

What are the conditions under which first-mover advantages diminish and fast-follower advantages increase?

Increasingly, competitive advantage results from the ability to manage change and harness the resources and capabilities consistent with ________ strategies.

New-market creation emphasizes capabilities that ________.

To create new market space, companies must remain focused on their existing rivals and actively try to match what they are offering customers.

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

Name the three dimensions that cause dynamic contexts.

A challenger can gain a competitive market position to the extent that they can catch the leader unaware.

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 ________.

A firm can redefine its arena by doing all but which of the following?

As part of the absorption strategy, an incumbent may try to leverage a buyout by taking control of industry distribution channels.

Which of the following is a characteristic of new entrants' disruptive strategies?

Stable markets move at a much faster pace than dynamic markets.

What are the five types of revolutionary strategies that can introduce dynamic change into an industry?

Competitive interaction theory suggests that ________.

The ________ has not opened up new temporal and geographic accessibility for many businesses.

Competitive actions generate a narrow range of predictable competitive responses.

Change leaders are consistently able to do all of the following except ________.