Having Good Competitive Intelligence About Rivals' Strategies,latest Actions and Announcements,resource

question 39

Multiple Choice

Having good competitive intelligence about rivals' strategies,latest actions and announcements,resource strengths and weaknesses,and moves to improve their situation is important because

• A) it identifies who the industry's current market share leaders are.
• B) it helps a company to anticipate what moves rivals are likely to make next and to craft its own strategic moves.
• C) good scouting reports help identify which rival is in which strategic group.
• D) it enables company managers to determine which rival has the worst strategy and how to avoid making the same strategy mistakes.
• E) it enables more accurate predictions about how long it will take a particular rival to copy most of what the strategy leader is doing.

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Definitions:

Intense Competition

A market condition where businesses aggressively compete for market share, customers, and resources, often leading to innovation and improved services.

Technological Change

The innovation and implementation of new technologies in a way that transforms the existing processes or products.

Environmental Uncertainty

The difficulty in predicting changes and trends in the external business environment that can impact an organization's operations.

Telecommunications

The transmission of information over distances for the purpose of communication.