What Is Competitive Dynamics? Briefly Describe the Factors That Influence

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The Answer is Competitive dynamics refers to the process by which firms undertake strategic and tactical actions and how competitors respond to these actions.The study of competitive dynamics is important in order to understand why managers undertake such actions.Inevitably,it is these actions and reactions that influence a firm's ultimate financial performance.
Research suggests that three primary factors influence a firm's action or reaction: awareness,motivation,and capability.Competitor awareness refers to how mindful a company is of its competitor's actions.Competitor motivation refers to the incentives that an organization has to take action.Competitor capability refers to a firm's ability to undertake an action.

What Is Competitive Dynamics? Briefly Describe the Factors That Influence

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What Is Competitive Dynamics? Briefly Describe the Factors That Influence

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