Question: Explain why do you think a firm must find a concept of the business which is difficult to imitate by the competitors? What is the

  1. Explain why do you think a firm must find a concept of the business which is difficult to imitate by the competitors?
  2. What is the relationship between a firm's customers and its business-level strategy in terms of who, what, and how? Why is this relationship important?
  3. What competitive dynamics can be expected among firms competing in slow-cycle markets? In fast-cycle markets? In standard-cycle markets?
  4. Does the first mover truly have an advantage? Explain it.
  5. Explain how can a company better understand the cultures and methods of business when entering a new location?

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