Comp Rivalry

Comp Rivalry -...

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Competitive Rivalry and Dynamics February 22, 2011 “In times of change, learners inherit the Earth, while the learned  find themselves beautifully equipped to deal with a world that no  longer exists.”            Eric Hoffer, American Social  Philosopher
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Sirius vs. XM Satellite Radio Sirius Satellite Radio XM Satellite Radio “It's so sweet, I feel like my  teeth are rotting when I  listen to the radio.” Bono “The radio makes  hideous sounds.” Bob Dylan
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Competition  -  firms  operating  in  the  same  market,  offering similar products and targeting similar customers Competitive Rivalry   - ongoing set of competitive actions and responses  occurring  between  an  individual  firm  and  its competitors Competitive  Dynamics  -  ongoing  set  of  competitive  actions and responses occurring between all firms  competing within an industry “Number one, cash is king. .. number two, communicate. ..  number three, buy or bury the competition.” Jack Welch          Hitt, Ireland, Hoskisson 7e
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The Role of Strategic Vision Strategic Vision -  a guiding theme that articulates the  nature of the business and its intentions for the future A strategic vision should be: 1. Informed 2. Shared  3. Competitive 4. Enabling A strategy delineates a territory in  which a company seeks to be unique.”                             Michael Porter Day,  1990 I cannot give you the formula for success, but I can give  you the formula for failure, which is: Try to please  everybody.” Herbert B. Swope, American Journalist
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Competitive Strategy A Competitive Strategy: Specifies how a business intends to compete in the market  it chooses to serve Dictates the programs and projects to initiate and continue Defines the skills and resources to mobilize or acquire Strategic Choices: 1. Arena 2. Advantage positioning for competitive superiority 3. Access :   selecting channels to reach the arena 4. Activities :   choosing the appropriate scale and scope :   growth directions to pursue Day, 1990 “In real life, strategy is actually very  straightforward. You pick a general  direction and implement like hell.” Jack Welch
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The Experts on Competition “Competition on the market aims at  assigning to every individual that  function in the social system in  which he can render to all his fellow  men the most valuable of the  services he is able to perform.”          Ludwig von Mises “Capitalism is the astounding belief that the 
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This note was uploaded on 06/07/2011 for the course BMGT 892 taught by Professor Donsmith during the Spring '11 term at UNL.

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Comp Rivalry -...

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