Disruptive innovations - Study guides, Class notes & Summaries

Competitors (*Chapter 6*) correct answers Firms operating in the same market, offering similar products and targeting similar customers. Competitive Rivalry correct answers Ongoing set of competitive actions and competitive responses occurring between *two competitors* as they contend with each other for an advantageous market position (Coke vs. Pepsi). Competitive Dynamics correct answers Total set of actions and responses of all firms competing within a market. Significant commitment of ...

World of Business Reading Quiz Questions Modules 5-7 With 100% Correct Answers 2024 According to the Economist blog entitled "What disruptive innovation means," which of the following is the definition of disruptive innovation used by Mr. Christensen? a) innovations that disrupt the current production process b) innovations that drastically change the current technology c) innovations that create new markets by discovering new categories of customers d) all of these answer choices - an...

World of Business Reading Quiz Questions Modules 5-7 With 100% Correct Answers 2024 According to the Economist blog entitled "What disruptive innovation means," which of the following is the definition of disruptive innovation used by Mr. Christensen? a) innovations that disrupt the current production process b) innovations that drastically change the current technology c) innovations that create new markets by discovering new categories of customers d) all of these answer choices - an...

GEB 4890 - Business Strategy Chapter 6 Questions and Answers Already Passed When should a company undertake a strategic offensive? when the company has no option other than to try to lessen a strong rival's competitive advantage when the company identifies a chance to improve its market share at a competitor's expense True or False: A company's strategic offensive is usually based on brand-name recognition. False Price cutting can be an effective strategy for companies that have already...

MIE 201 Test 1 Questions with Verified Answers ___ is the money a company generates through the sale of products and services revenue A(n) _______ is a firm pursing profits that offers products and services projected to fulfill consumers' needs. business The framework that outlines how a firm plans to generate revenue is known as a(n) ____________. business model In a business, after all expenses are paid, the leftover money is called ___________. profit Company LMT competes...

The best strategic offensives for companies involve which of the following? - ️️-striving to convert a competitive advantage into a sustainable advantage -overwhelming rivals with swift and decisive action True or False: A company's strategic offensive is usually based on brand-name recognition. - ️️false Lowering prices can be a successful competitive strategy for a company if - ️️-the company convinces buyers that its products are as good as its competitors' products. -it...

List the steps in the organizational planning process. - 1. Develop the Plan 2. Translate the Plan 3. Plan operations 4. Execute the Plan 5. Monitor and Learn develop the plan - define mission, vision, set goals Translate the Plan - Define tactical plans and objectives, develop strategy map, define contingency plans and scenarios, identify intelligence teams Plan operations - define operational goals and plans, select measures and targets, set stretch goals, crisis planning exe...

The best strategic offensives for companies involve which of the following? - Answer-1. striving to convert a competitive advantage into a sustainable advantage 2. overwhelming rivals with swift and decisive action A company's strategic offensive should be based on ____ - Answer-the company's strengths as well as its rivals strengths and weaknesses Lowering prices can be a successful competitive strategy for a company if _____ - Answer-1. the company convinces buyers that its products ar...

MIS 301 Exam 1 Question and answers rated A+ 2024 In a set of steps called SLAM (Scan, Label, Apply, Manifest), and taking only about 2 minutes, packed boxes are weighed, and the software does an additional check to see if the weight is what's expected. - correct answer True Amazon's industrial strength cloud computing offerings are better known by the acronym _____________. - correct answer AWS Bitcoin transactions are recorded in a public ledger known as the ____________. - correct...

business - Answer-any profit-seeking organization that provides goods and service designed to satisfy customers needs revenue - Answer-money a company brings in through the sales of goods and services business model - Answer-a clearly stated outline of how the business intends to generate revenue profit - Answer-money left over after all the costs involved in doing business have been deducted from revenue competition gives customers - Answer-a wider range of options, it tends to increase q...