Having good competitive intelligence about rivals' strategies,latest actions and announcements,resource strengths and weaknesses,and moves to improve their situation is important because it
A)identifies who the industry's current market share leaders are.
B)helps a company to anticipate what moves rivals are likely to make next and to craft its own strategic moves.
C)helps identify which rival is in which strategic group.
D)enables company managers to determine which rival has the worst strategy and how to avoid making the same strategy mistakes.
E)enables more accurate predictions about how long it will take a particular rival to copy most of what the strategy leader is doing.

Question

Quizplus · Accepted Answer

Having good competitive intelligence about rivals' strategies, latest actions, and announcements, resource strengths and weaknesses, and moves to improve their situation is important because it helps a company to anticipate what moves rivals are likely to make next and to craft its own strategic moves. By analyzing your competitors, you can develop a better understanding of their strengths and weaknesses and decide how to react to their moves. This knowledge helps a company to stay ahead of its rivals by crafting effective strategies.

Having Good Competitive Intelligence About Rivals' Strategies,latest Actions and Announcements,resource