Choose the appropriate standards-setting strategy for a firm that: possesses the required skills and resources to establish their particular technology as the standard,barriers to imitation are high,and there are few capable competitors.

Question

Quizplus · Accepted Answer

With high barriers to imitation and few capable competitors, the firm has a strong position to establish their technology as the standard. Being an aggressive sole provider allows them to capitalize on this advantage and establish dominance in the market. This strategy also aligns well with their possession of the required skills and resources.

Choose the Appropriate Standards-Setting Strategy for a Firm That: Possesses