The Key Implication of "Hypercompetition" in Business Is That

question 41

Multiple Choice

The key implication of "hypercompetition" in business is that:

• A)Competitive advantage is temporary
• B)Technological change will continue to accelerate
• C)"If it ain't broke,don't fix it" is an obsolete piece of advice
• D)The concept of Schumpeterian competition needs to be updated to realities of the 21st century.

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Definitions:

Distributive Bargaining Strategies

Negotiation tactics focused on dividing a fixed amount of resources, often resulting in a win-lose scenario.

Commitment

A pledge or promise to do something, often involving dedication and resolve to follow through on decisions or plans despite potential obstacles.

Portfolio of Options

A range of different strategies, actions, or solutions that are available or considered in decision-making processes.

Hardball Tactics

Aggressive negotiation strategies focusing on gaining an advantage at the possible expense of damaging relationships.