BSG EXAM 3 QUESTIONS WITH COMPLETE SOLUTIONS.

When considering competitive dynamics, if a competitive action is apparent, a _________ should be undertaken to assess the likelihood of competitive actions. - ANSWERThreat analysis In competitive dynamics, close competitors are determined by two factors: ________ and resource similarity. - ANSWERMarket commonality After a firm has attacked (competitively), competitors need to determine their__________ and capability to respond - ANSWERMovation The likelihood of a competitive reaction depends on three factors one of which is _____, which is the degree the competitor is dependent on that industry - ANSWERMarket dependence The likelihood of a competitive reaction depends on three factors one of which is _____, which is the response to the attack is based on who launched the attack. - ANSWERActors reputation When considering competitive actions, _____ are major commitments of specific resources and in initiatives - ANSWERStrategic actions When studying competitive dynamics, the idea that the competition between companies can be analyzed as a competitive game is called_____ - ANSWERGame theory When discussing his philosophy of managing a motivating people, Bob Galvin,