19 Questions
What are the two sources of sustainable competitive advantage mentioned in the text?
Strategic positioning and technological innovation
What are the different types of innovation mentioned in the text?
Product, process, value, management/organizational, service, and innovation in industry structure
What are the two sources of sustainable competitive advantage?
Operational effectiveness and strategic positioning
How does the internet impact industry structure and sustainable competitive advantage?
It impacts both industry structure and sustainable competitive advantage
What influences industry structure and sustainable competitive advantage?
The internet
What are the levels of innovation mentioned in the text?
Sustaining, incremental, radical, and disruptive
How many sources of competitive pressure does the profitability of an industry rely on?
5
How many sources of competitive pressure does the profitability of an industry rely on?
5
What is the difference between radical and disruptive innovations?
Radical innovations change the basis of competition, while disruptive innovations underperform established products.
What perspective does adopting a network provide?
An alternative perspective
What does adopting a network perspective provide?
An alternative perspective
What is the Innovator's Dilemma?
The dilemma faced by market leaders when technologies and industries change
What is necessary for successful innovation?
Understanding technology, customers, industry structure, and ability to execute
What is driving the emergence of new business models?
Globalization and new technology
What is driving the emergence of new business models?
Globalization and new technology
What are the three components of strategic advantage?
Dynamic specialization, connectivity and coordination, and leverage capability building
What are the three elements that create strategic advantage?
Dynamic specialization, connectivity and coordination, and leverage capability building
What are the mechanisms for building capabilities faster?
Global sourcing, loose coupling, and unproductive collaboration
What are the mechanisms for building capabilities faster?
Global sourcing, loose coupling of extended, and productive collaboration
Study Notes
- Sustainable competitive advantage comes from operational effectiveness or strategic positioning.
- The internet influences industry structure and sustainable competitive advantage.
- Profitability of an industry relies on 5 sources of competitive pressure.
- Adopting a network perspective provides an alternative perspective.
- New business models are emerging in response to globalization and new technology.
- Strategic advantage is created through dynamic specialization, connectivity and coordination, and leverage capability building.
- Mechanisms for building capabilities faster include global sourcing, loose coupling of extended, and productive collaboration.
- Position within the network can be specialist, integrator, or platform.
- Business Model Innovation is valuable in times of instability.
- Three game-changing moves and five potential failures for Business Model Innovation are identified.
Are you looking to sharpen your knowledge of business strategy and gain a competitive edge? Take our quiz and explore key concepts such as sustainable competitive advantage, industry structure, and business model innovation. Learn how adopting a network perspective can provide new insights and discover the mechanisms for building capabilities faster. With 10 thought-provoking questions, test your understanding of strategic positioning and the potential pitfalls of new business models. Enhance your strategic thinking skills and stay ahead of the game with this informative quiz.
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