Exam 2 CH 5 - 9 Strategic Mgmt 3013 Exam Questions and Answers 100% Pass

Exam 2 CH 5 - 9 Strategic Mgmt 3013 Exam Questions and Answers 100% Pass Competitors - In same markets offering similar products to similar customers Competitive Behavior - Actions to defend or build competitive advantage Multimarket Competition - Multimarket Competition To gain market position (2) - Actions and responses Drivers of Competitive Behavior (3) - Awareness Motivation Ability Likelihood of Attack (5) - First Mover Incentives Second Mover - Late Mover Organizational Size Quality Likelihood of Response (3) - Type of Competitive Action 2Brittie Donald, All Rights Reserved © 2025 Reputation Market Dependence Outcomes of attacks and responses (2) help what? - Market Position Financial Performance Strategic Action or Strategic Response - Market-based move that involves a significant commitment of organizational resources and is difficult to implement or reverse. Tactical Action or a Tactical Response - A market-based move that is taken to fine- tune a strategy Usually involves fewer resources Is relatively easy to implement and reverse Competitive Dynamics - Ongoing actions and responses taking place between all firms competing within a market for advantageous positions Competitive Rivalry - Ongoing actions and responses taking place between an individual firm and its competitors for an advantageous market position Dynamics ( all firms) - Market speed (slow-cycle, fast-cycle, standard-cycle) Effects of market speed on actions and responses of all competitors in the market 3Brittie Donald, All Rights Reserved © 2025 Rivalry (individual firms) - Market Commonality and Resource Similarity Awareness, Motivation and Ability First mover incentives, size and quality Slow Cycle - Competitive advantage shielded Imitation costly Fast Cycle - Competitive advantage not shielded Imitation not expensive Standard Cycle - Competitive advantage moderately shielded Imitation moderately costly Single Business - 95% or more of revenue comes from a single business Dominant Business - 70% - 95% of revenue comes