management
Instructions
Answer each question: 1. Why are market commonality and resource similarity the building blocks of a competitor analysis?2.What are awareness, motivation, and ability drivers of competitive behavior?3. What is the purpose of corporate-level strategy? 4. What are the different tiers of corporate-level strategy?
Answer
Business and Management1. Why Are Market Commonality and Resource Similarity the Building Blocks of a Competitor Analysis? Market commonality and resource similarity tend to be the building blocks for competitor analysis because both of this shows a companys direct competitors, even though any direct competition does not always mean that the companies are rivals. Market commonality tends to be concerned with how many markets does a company and its competitor share and how important is an individual market to each competitor (Nicholas Ryan). Also, resource similarity has to be the main base to assess for competition. Thus, these two have to be the foundation of competition analysis.2. What Is Awareness, Motivation, And Ability Drivers of Competitive Behaviour? Awareness is when competing co...
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