Industry and Competitive Analysis Flashcards
1
Q
What is Schumpeterian Competition?
A
Market leaders overthrown by innovation
2
Q
What is hypercompetition?
A
Continuous creation of competitive advantage and cannibalism of existing CA
3
Q
What is Game Theory?
A
A theory that predicts the outcome of competitive situations, where each ‘players’ actions depends on other ‘players in the game’
4
Q
What is the Framework for Competitive Advantage?
A
Objectives, strategy, assumptions, resources and capabilities –> predictions
