Question: Match the term with its' definition for the below generic ways in which a business can respond to the strategic initiatives of its competitors. A
Match the term with its' definition for the below generic ways in which a business can respond to the strategic initiatives of its competitors.
A Seize the initiative:
B Fullbore aggression:
C Defendpreempt:
D Evasion:
E Counterattack actual or threatened:
F Adaptation:
select
The firm deploys all its strategic assets in an unrestrained attack on competitors.
select
The firm jumps on every opportunity to gain the slightest competitive edge on its rivals.
select
The firm hopes to forestall a competitor from launching its strategic initiatives by communicating its intention to respond with an overwhelming counterattack.
select
Evasion: The firm aims to operate only in those segments of the market where competitive intensity is low or nonexistent.
select
The firm uses strategic adaptability to escape an industry marked by high competitive intensity, shrinking in size, and surrounded by high exit barriers. This is the ability to overcome the exit barriers and shift its strategic assets into new productservice lines, new market segments, or new distribution channels, all on short notice.
select
The firm takes preemptive measures to prevent or discourage competitors from carrying out strategic assaults on the businesss market domain.
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