The Strategic Objective of Businesses During the Shakeout Phase of the Industry

question 80

Multiple Choice

The strategic objective of businesses during the shakeout phase of the industry life cycle will primarily be to

• A) move toward product innovations and away from process innovations.
• B) survive by drawing on "deep pockets."
• C) achieve market acceptance.
• D) reduce the barriers to entry in the industry.

---

Definitions:

Forming a Coalition

The process of bringing together multiple individuals or groups with a common interest to achieve a specific goal or undertake a joint initiative.

Territorial Games

Also referred to as turf wars, political tactics that involve protecting and hoarding resources that give one power, such as information, relationships, and decision-making authority.

High Performer

An individual who consistently exceeds the established standards and expectations in their work performance.