Question: According to Teece ( 2 0 1 0 ) , how can you prevent a business model to be easily replicated by a competitor? Select
According to Teece how can you prevent a business model to be easily replicated by a competitor? Select all answers that apply.
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Business models have inbuilt deterrents like dominant design and punctuated equilibrium, making it harder for competitors to understand how they work.
Implementing a business model requires assets and other capabilities that are difficult to replicate.
Even if the business model can be easily understood by potential competitors, the fact that it might cannibalise the competitors existing sales and customer relationships makes it less appealing to do so
There is some degree of opacity in business models that makes it harder for outsiders to pinpoint exactly how they work
By adopting a business model pattern that is well known and accepted in the industry, competitors are less likely to copy it
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