Hypercompetition Is a Characteristic of the Current Competitive Landscape

question 117

Essay

Hypercompetition is a characteristic of the current competitive landscape.Define hypercompetition, and identify its primary drivers.How can organizations survive in a hypercompetitive environment?

---

Definitions:

Absolute Standard

A measure or criterion that is not influenced by external factors and remains constant over time.

In-kind Transfers

Non-monetary goods and services provided by governments to individuals in need, such as food stamps or housing assistance.

Standard of Living

The degree of wealth, comfort, material goods, and necessities available to a person, group, or society.

Income Earners

are individuals or entities that receive income through work, investments, or other sources.