Podcast
Questions and Answers
Which of the following is NOT a strategy the article recommends for industries in the 'Durability' state?
Which of the following is NOT a strategy the article recommends for industries in the 'Durability' state?
- Focus on improving efficiency and reducing operating costs
- Reinvent the legacy business while maintaining cost leadership
- Invest heavily in new technologies to disrupt the industry (correct)
- Leverage established brands and distribution channels
In industries experiencing 'Vulnerability', what does the article suggest companies should do to address their issues?
In industries experiencing 'Vulnerability', what does the article suggest companies should do to address their issues?
- Aggressively acquire smaller competitors to consolidate the market
- Address productivity issues and reduce dependence on fixed assets (correct)
- Shift focus to high-margin niche markets to avoid disruption
- Invest heavily in marketing to defend their established brands
Which of the following is a key characteristic of industries in the 'Volatility' state according to the article?
Which of the following is a key characteristic of industries in the 'Volatility' state according to the article?
- Disruptors are primarily targeting new markets, not existing customers
- Barriers to entry remain high, protecting incumbent market share
- Incumbents have strong control over distribution channels
- Disruption has become a constant, requiring ongoing innovation (correct)
What is the key recommendation the article provides for industries in the 'Viability' state?
What is the key recommendation the article provides for industries in the 'Viability' state?
According to the article, what is a key weakness that has become a liability for incumbents in 'Volatility' industries?
According to the article, what is a key weakness that has become a liability for incumbents in 'Volatility' industries?
What is the key recommendation the article provides for industries in the 'Durability' state?
What is the key recommendation the article provides for industries in the 'Durability' state?
According to the article, what is a key characteristic of industries in the 'Viability' state?
According to the article, what is a key characteristic of industries in the 'Viability' state?
What is the key recommendation the article provides for industries in the 'Vulnerability' state?
What is the key recommendation the article provides for industries in the 'Vulnerability' state?
According to the article, what is a key characteristic of industries in the 'Durability' state?
According to the article, what is a key characteristic of industries in the 'Durability' state?
What is the key recommendation the article provides for industries in the 'Volatility' state?
What is the key recommendation the article provides for industries in the 'Volatility' state?
