Using the Example of Bike Rentals,explain What Type of Competitive

question 21

Essay

Using the example of bike rentals,explain what type of competitive strategy the "best of breed" rental company uses and how it differs from the low-cost rental company.

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Definitions:

Internal Complexity

Refers to the intricacy or difficulty within an organization’s processes, structures, or systems.

Organizational Complexity

The degree of various elements and their interactions within an organization, making management and decision-making challenging.

Unknown Factors

Elements or conditions that are not known or cannot be predicted, which might affect the outcome of plans or projects.

Environmental Complexity

The degree to which an environment features diverse, unpredictable elements that affect an organization's performance and strategy.