The
strategy
of time-based competition can be advantageous to companies most
affected
by technology.

Question

The
strategy
of time-based competition can be advantageous to companies most
affected
by technology.
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​

Quizplus · Accepted Answer

Time-based competition is often used by companies that are heavily influenced by technology, such as those in the computer or telecommunications industries. This approach requires companies to focus on reducing the time it takes to bring products or services to market, improving cycle times, and streamlining operational processes. By doing so, companies can gain a competitive advantage and stay ahead of their rivals in the fast-paced world of technology.

The Strategy