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 refers to the situation where the sources of competitive advantage in an industry are rapidly created and eroded. This results in shorter product life cycles, increasing competition, and a need for constant innovation and agility to stay ahead of competitors. The term was coined by Richard D'Aveni in his book "Hypercompetition: Managing the Dynamics of Strategic Maneuvering".

Which of the Following Terms Best Describes the Situation When