'A business may survive and prosper during the growth stage even though it has neither differentiated its offering from competitors nor attained the lowest-cost position in its industry,but not so in the transition period.' This is true of which strategic trap?
A)failure to recognise the events signalling the beginning of the shakeout period
B)getting caught in the transition period without a clear strategic advantage
C)failure to recognise the declining importance of product differentiation and the increasing importance of service
D)giving up market share too easily in favour of short-run profit

Question

Quizplus · Accepted Answer

The statement refers to the trap of getting caught in the transition period without a clear strategic advantage, as the business may not be able to survive and prosper in this phase without differentiation or low-cost position.

'A Business May Survive and Prosper During the Growth Stage