Rugman and D'Cruz have developed an alternative framework to Porter's five forces model. The framework, based on business networks, is called:

Canon introduced the first full-color copiers and the first copiers with "connectivity"—the ability to print images from such sources as video camcorders and computers. This Canon example shows how an innovative marketing strategy—with fresh approaches to product, pricing, distribution, and selling—leads to overall competitive advantage in the marketplace. This strategy can be classified under:

Intel's loose brick was:

An approach to competitive advantage that exploits weaknesses in competitors' narrow-focus strategies is called a ________ strategy.

The ________ framework was developed by Professor Richard D'Aveni to describe a business environment in which no form of competitive advantage can be sustained for long because of escalating and accelerating competitive forces.

The leading country among the "World's Most Competitive Countries" is:

Which of the following is not identified by Porter as one of the possible types of barriers to entry in an industry?

Germany's Mittelstand companies have been extremely successful pursuing:

The issue of sustainability is central to this strategy concept:

Caterpillar's attention was focused elsewhere when Komatsu made its first entry into Eastern Europe and gained ground. This is an example of:

When managers at Matsushita realized that cost advantages in TV production were often fleeting, they added quality and reliability advantages, thus establishing:

The town of Impruneta in the Italian province of Florence, is a source of high-quality terracotta; the high iron content of the area's clay means that the finished pieces can withstand temperatures as low as -20 degrees Fahrenheit. Many artisan pieces are rolled by hand, including those imported in the United States by Seibert & Rice. This is an example of ________ resources available for competitive advantage of a business.

In the global watch industry, the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland. In the strategic framework known as hypercompetition, Swatch's success is an example of interactions in which arena?

According to Porter, the nature of the interaction between potential industry entrants, buyers, substitute products, suppliers, and rival firms determines:

Which of the following generic strategies best captures the way Harley-Davidson has achieved competitive advantage in the global motorcycle industry?

Building layers of advantage, searching for loose bricks, changing the rules of competitive engagement, and collaborating are elements of the competitive advantage framework developed by:

In the terminology of the strategic intent framework for competitive advantage, a firm that establishes advantages in a number of different areas has:

Mitsubishi Heavy Industries Ltd. and other Japanese companies manufacture airplanes under license to U.S. firms, and also work as subcontractors for aircraft parts and systems. This type of effort is known as:

Maytag has been called "the Rolls-Royce of washers and dryers." Maytag markets Neptune, a high-tech machine, at a substantially higher than regular washer price. This is an example of:

Answer: B

In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low production costs. This represents generic strategy related to:

Building layers of advantage is one of the elements of Hamel and Prahalad's framework for:

Taiwan's Acer prospered by following founder Stan Shih's strategy of approaching the world computer market from the periphery. By the time Acer was ready to target the United States in earnest, it was already the number one PC brand in key countries in Latin America, Southeast Asia, and the Middle East. This is an example of which component of competitive innovation?

Rivalry among firms refers to all the actions taken by firms in the industry to improve their position and gain advantage over each other.

"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles.

A useful way of gaining insight into competitors is through industry analysis.

A firm that has the skills to be a "first mover" and arrive first in the market has achieved a know-how advantage.

A firm that has the skills to be a "first mover" and arrive first in the market has achieved a know-how advantage.

Analyzed in terms of Porter's five forces model, online music file sharing services represent a threat to the music industry in the form of a substitute product.

Cost leadership is a sustainable source of competitive advantage only if no barriers exist that prevent competitors from achieving the same low costs.

"Hypercompetition" refers to companies that are successful and find sustainable competitive advantages.

Competitive advantage exists when there is a match between a firm's distinctive competencies and the factors critical for success within its industry.

Competitive advantage exists when there is a match between a firm's distinctive competencies and the factors critical for success within its industry.

The strong rivalry in the U.S. market between Dell, Gateway, Hewlett-Packard, Apple, and other computer companies has helped make the United States a world leader in personal computers.

Microsoft's extensive base of Windows operating systems and applications presented a formidable entry barrier for many years.