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Managers often avoid taking action when faced with challenges.
Threat from Substitutes
The potential for consumers to switch to alternative products that fulfill the same need, affecting demand.
Levels of Rivalry
Levels of rivalry refer to the intensity and number of competitors in a market or industry, impacting the competitive dynamics and strategy decisions of firms.
Critical Inputs
Essential resources or components required for the production process.
Highly Differentiated
Products or services that are distinctly unique from competitors' offerings, often featuring unique attributes or benefits.
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