Comprehensive Exam $-$

Question $22$

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One of the important lessons about competing in a globally competitive marketplace that emerges from participating in The Business Strategy Game simulation exercise is that

competition is very intense early on$,$ but then becomes progressively less intense as the years unfold because more and more companles figure out how to set their product offering apart from the offerings of rival companies and thus avoid competing head on$.$

it is very hard to determino what strategy a rival company is pursuing and even harder to figure out what strategic actions and competitive efforts one's own company needs to undertake to improve its competitiveness vis$-$a$-$vis rivals$--$hence, crafting a strategy and competitive approach that yields good performance requires a lot of lucky guesswork.

in a globally competitive market, it is extremely difficult for tralling companies to know what to do to make their product offerings more competitive with the product offering of the industry$-$leading company$--$only lucky companies can overtake an industry leader$-$and then only if the industry leader becomes unlucky and stumbles.

the shifting winds of competition among rival companies are so unpredictable that the begy and com good company performance is to copy as closely as possible every aspect of the strategy competitive efforts most recently used by the top$-$performing company in the industry.

the $1$ ong

the shifting winds of competition in the various segments of the athletic footwear marketplace pressure managers to make ongoing adjustments of one kind or another in their overall strategy and competitive efforts in each region to improve their

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