Business Strategy Lecture - Business Strategy 07 - Competitive Rivalry & Competitive Dynamics
Master the Art of Strategy: Unlock Your Path to Business Success
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38 learners
What you'll learn
Understand key concepts and frameworks of strategic management
Analyze the role of internal and external factors in shaping business strategy
Develop strategies for managing competitive rivalry and dynamics
Apply strategic planning techniques for implementing and measuring success
This course includes
6.5 hours of video
Certificate of completion
Access on mobile and TV
Summary
Full Transcript
In this session, we dive deeper into Business Level Strategies by studying competitive rivalry. We define a competitive market or segment by looking at Market Commonality and Resource Similarity, discuss key drivers of competitive actions and analyze factors that influence the likelihood of a competitive attack or response. Finally, we look at Competitive Dynamics and the relationship between Market Structure, Firm Conduct, and (financial) Performance of the players in a market.
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