Over time, a change in the basis of competitive advantage will cause advantage to shift from firms favored by industry conditions to those with obsolete resources and capabilities.
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Q17: Successful dynamic strategies reward firms for avoiding
Q18: A rapid and unpredictable environment requires firms
Q19: Stable markets move at a much faster
Q20: A challenger can gain a competitive market
Q21: When new technology is developed by new
Q23: New firms' business models cannot be imitated
Q24: To create new market space, companies must
Q25: Technological change is particularly risky when it
Q26: Change drivers are not impacted by the
Q27: High-end disruptions rarely offer features that satisfy
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