Which of the following terms best describes the situation when sources of competitive advantage in an industry are being created and eroded at an increasingly rapid rate?
A) Leveraging resources
B) Strategic intent
C) Strategic stretch
D) Hypercompetition
E) Global dominance

Question

Quizplus · Accepted Answer

Hypercompetition is a term coined by Richard D'Aveni to describe the situation when sources of competitive advantage in an industry are being created and eroded at an increasingly rapid rate. This results in a highly dynamic and fiercely competitive environment where companies must constantly innovate and adapt in order to survive.

Which of the Following Terms Best Describes the Situation When