Mini case Study

Review Questions Chapter 5Who are competitors? How are competitive rivalry, competitive behavior, and competitive dynamics
defined in the chapter?
What is market commonality? What is resource similarity? In what way are these concepts the building
blocks for a competitor analysis?
How do awareness, motivation, and ability affect the firm’s competitive behavior?
What factors affect the likelihood a firm will take a competitive action?
What factors affect the likelihood a firm will initiate a competitive response to a competitor’s action(s)?
What competitive dynamics can firms expect to experience when competing in slow-cycle markets? In
fast-cycle markets? In standard-cycle markets?
Review Questions Chapter 6
What is corporate-level strategy and why is it important?
What are the different levels of diversification firms can pursue by using different corporate-level
strategies?
What are three reasons firms choose to diversify their operations?
How do firms create value when using a related diversification strategy?
What are the two ways to obtain financial economies when using an unrelated diversification strategy?
What incentives and resources encourage diversification?
What motives might encourage managers to over diversify their firm?