BSG MIDTERM FINAL SCRIPT 2026
BUSINESS STRATEGY GAME QUESTIONS
ANSWERS COMPLETE A+
◉ tactical action
Answer: Netflix decides to also provide music
◉ costs less
Answer: overall we will respond more to tactical action because it
_________
◉ risk
Answer: disadvantage to being a first mover is the ______
◉ false
Answer: T/F First movers have a lower survival rate than second or
late movers
◉ market dependent
Answer: when wriggle only made gum they were ______
,◉ slow cycle
Answer: - proprietary rights are very important
- a lot of imitators/ law suits
- where competitive advantage is easiest to achieve
(Disney)
◉ Fast cycle
Answer: - new products enter more quickly
- characteristic of any tech industry
- reverse engineering is important here
- vollital and innovative
◉ standard cycle
Answer: appealing to mass markets
◉ radical
Answer: revolutionary
◉ incremental
Answer: evolutionary
◉ economies of scale
,Answer: what is critical to the standard cycle?
◉ general, industry, competitor
Answer: 3 sub levels of general external environment
◉ general level
Answer: macro; the world, all business, all entities
◉ industry level
Answer: only impact that industry
◉ competitor level
Answer: only impact direct competitors
◉ control
Answer: what is the difference between the general external
environment and the industry environment
◉ strategy, control
Answer: your industry environment has a more direct affect on ______
relative to general external environment because there is little ______
over industry and no _____ over general external environment
, ◉ sociocultural
Answer: which one of the 7 segments influences all the others?
◉ external environment analysis
Answer: companies do an _____________ to try to figure out whats
happening in their environments that could possibly impact their
industry and their firm to be ready for change
◉ rivals compete in same industry
Answer: what is the difference between a rival and a substitute ?
◉ incumbents, potential entrants
Answer: 2 groups of 5 forces
◉ incumbents
Answer: firms already competing in the industry
◉ potential entrants
Answer: those that would like to compete in the industry
◉ economies of scale
BUSINESS STRATEGY GAME QUESTIONS
ANSWERS COMPLETE A+
◉ tactical action
Answer: Netflix decides to also provide music
◉ costs less
Answer: overall we will respond more to tactical action because it
_________
◉ risk
Answer: disadvantage to being a first mover is the ______
◉ false
Answer: T/F First movers have a lower survival rate than second or
late movers
◉ market dependent
Answer: when wriggle only made gum they were ______
,◉ slow cycle
Answer: - proprietary rights are very important
- a lot of imitators/ law suits
- where competitive advantage is easiest to achieve
(Disney)
◉ Fast cycle
Answer: - new products enter more quickly
- characteristic of any tech industry
- reverse engineering is important here
- vollital and innovative
◉ standard cycle
Answer: appealing to mass markets
◉ radical
Answer: revolutionary
◉ incremental
Answer: evolutionary
◉ economies of scale
,Answer: what is critical to the standard cycle?
◉ general, industry, competitor
Answer: 3 sub levels of general external environment
◉ general level
Answer: macro; the world, all business, all entities
◉ industry level
Answer: only impact that industry
◉ competitor level
Answer: only impact direct competitors
◉ control
Answer: what is the difference between the general external
environment and the industry environment
◉ strategy, control
Answer: your industry environment has a more direct affect on ______
relative to general external environment because there is little ______
over industry and no _____ over general external environment
, ◉ sociocultural
Answer: which one of the 7 segments influences all the others?
◉ external environment analysis
Answer: companies do an _____________ to try to figure out whats
happening in their environments that could possibly impact their
industry and their firm to be ready for change
◉ rivals compete in same industry
Answer: what is the difference between a rival and a substitute ?
◉ incumbents, potential entrants
Answer: 2 groups of 5 forces
◉ incumbents
Answer: firms already competing in the industry
◉ potential entrants
Answer: those that would like to compete in the industry
◉ economies of scale
