Competitive Strategy Chapter 6 Designing products wisely
Bertrand paradox. a model prediction in which two firms in the same market reach a Nash equilibrium where both firms charge a price equal to marginal cost. If either firm…
Competitive Strategy Chapter 5 Research & Development
* Basic Research * Applied Research * Product Development Types of innovation. * Product innovation * Process innovation – Monopolist – Monopolist with threat of entry – Incentives to innovate…
Competitive Strategy Chapter 3 Economic Integration; Organizational Integration
economic: cross share holing organizational: information sharing.
Competitive Strategy Chapter 1 Taking Care of Your Competition
In finite games it is clear from the beginning how often the game is repeated and when it ends. If the outcome of a game is determined by the fact…
Business Strategy Chapter 9 Diversification Matrices
More acceptable reasons for diversification these days are the potential for operational and strategic benefits. (1) eliminating and preventing competition by subsidizing a price war, (2) reducing rivalry through mutual…
Business Strategy Chapter 8 Strategy Maps
Broadly speaking, there are two types of competitive advantage a firm may pursue: low cost or uniqueness Firms may choose to target a broader or narrower segment of the market.…
Business Strategy Chapter 7 Capabilities Analysis
major sets of activities, skills, and resources that drive value to customers. at the time of strategy formulation, when firms are assessing which strategic options are currently feasible—and may be…
Business Strategy Chapter 5 Competitive Life Cycle
Growth results from scaling new products and services up the S-curve and also occurs from the continuous creation of new S-curves. So in one sense, the purpose of strategy is…
Business Strategy Chapter 4 Five Forces Analysis
(1) rivalry among current competitors, (2) threat of new entrants, 1. Entrant faces high sunk costs 2. Incumbents have a competitive advantage. 3. Entrant faces retaliation. (3) substitutes and complements,…