Due to hypercompetition,a firm must engage in incremental innovation to remain competitive and gain advantage(s) .However,the duration of these advantages:
A) Are shorter in duration and magnitude with each subsequent innovation.
B) Will eventually leave a firm vulnerable to radical innovations.
C) Depend on when discontinuities occur in the industry.
D) All of these.
Correct Answer:
Verified
Q94: The ability of an existing firm to
Q95: Discontinuities are periods of time when all
Q96: The first stage of the industry life
Q97: According to Michael Porter,firms face hypercompetition because
Q98: Provide an example of a firm that
Q100: Which of the following is most notably
Q101: What are the strategic implications of "the
Q102: Why is it important for an existing
Q103: Strategy Highlight 7.1 discusses network effects.How does
Q104: How does a large firm like Procter
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents