Which of the following best defines competitive inertia?
A) It is a reluctance to change strategies or competitive practices that have been successful in the past.
B) It is a risk-seeking strategy that aims to create and acquire companies in completely unrelated businesses.
C) It is a discrepancy between a company's intended strategy and the strategic actions managers take when implementing that strategy.
D) It is a corporate-level strategy that minimizes risk by diversifying investment among various businesses or product lines.

Question

Quizplus · Accepted Answer

Competitive inertia refers to an organization's reluctance to change its strategies or competitive practices that have been successful in the past. This can result in the company becoming complacent and failing to innovate or adapt to changing market conditions.

Which of the Following Best Defines Competitive Inertia