TAILIEUCHUNG - Lecture Organizational strategies for the 21st century - Chapter 5

Chapter 5 - Competitive rivalry and competitive dynamics. Studying this chapter should provide you with the strategic management knowledge needed to: Define competitors, competitive rivalry, competitive behavior, and competitive dynamics; describe market commonality and resource similarity as the building blocks of a competitor analysis; explain awareness, motivation, and ability as drivers of competitive behavior;. | Chapter 5: Competitive Rivalry and Competitive Dynamics Overview: Competitors, competitive rivalry, competitive behavior and competitive dynamics Market commonality and resource similarity: Building blocks of competitor analysis Competitive actions: Awareness, motivation and ability Factors driving competitor’s competitive actions Competitor’s response to actions taken against it Competitive dynamics in slow, fast and standard-cycle markets From Competitors to Competitive Dynamics (Figure ) Introduction and Definitions Competitors Firms operating in the same market, offering similar products and targeting similar customers Competitive Rivalry Ongoing set of competitive actions and competitive responses occurring between competitors as they contend with each other for an advantageous market position Competitive Dynamics The total set of actions and responses of all firms competing within a market Competitive Rivalry Competitive Behavior (offensive and .

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