Question: What lesson can be learned from the example of Amazon winning competitive battles against weakened retailers and other companies such as Alphabet ( Google )
What lesson can be learned from the example of Amazon winning competitive battles against weakened retailers and other companies such as Alphabet Google and Walmart?
Differentiating products is not important for maintaining a competitive advantage.
Firms should focus on forming strategic groups to increase competitiveness.
Even highly successful firms must continuously analyze and understand their competitors to maintain marketleading positions.
Ignoring competition will have no impact on a firm's performance.
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