The sum total set of interrelationships that establish the manner in which competitors behave in an industry
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Question:
The sum total set of interrelationships that establish the manner in which competitors behave in an industry could be referred to as competitive dynamics.
Required:
a. Briefly explain what competitive rivalry is?
b. Explain what competitive behavior is and the three factors that drive competitive behavior
c. With the aid of a diagram explain the model of competitive rivalry and how a strategist can use that understanding to develop strategies that facilitate the attainment of higher financial performance?
Related Book For
Data Modeling and Database Design
ISBN: 978-1285085258
2nd edition
Authors: Narayan S. Umanath, Richard W. Scammel
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