Competitive dynamics

Question 1

What are the two parts of competitor analysis

Answer 1

market commonality and resource similarity

Question 2

What are the three drivers of competitive behavior

Answer 2

awareness, motivation, and ability

Question 3

What are the two types of competitive rivalry

Answer 3

Likelihood of attach and likelihood of response

Question 4

What are the two outcomes of competitive reality

Answer 4

market position and financial performance

Question 5

What is market commonality

Answer 5

the number of markets with which a firm & a competitor are jointly involved

Question 6

What is resource similarity

Answer 6

how comparable the firms tangible and intangible resources are to a competitors in terms of both types and amounts

Question 7

What are the factors affecting likelihood of attack

Answer 7

first, second and late mover incentives

Question 8

What are the factors affecting likelihood of response

Answer 8

type of competitive action
actors reputation
market dependance

Question 9

What are the 3 market types in competitive dynamics

Answer 9

slow cycle: sustainable competitive advantage
fast cycle: not sustainable competitive advantage
normal cycle: moderately sustainable competitive advantage