Podcast
Questions and Answers
What are the two sources of sustainable competitive advantage mentioned in the text?
What are the two sources of sustainable competitive advantage mentioned in the text?
- Strategic positioning and technological innovation (correct)
- Strategic partnerships and customer loyalty
- Operational efficiency and technological advances
- Operational effectiveness and strategic alliances
What are the different types of innovation mentioned in the text?
What are the different types of innovation mentioned in the text?
- Product, process, value, management/organizational, and service
- Product, process, value, management/organizational, service, and innovation in industry structure (correct)
- Product, process, value, and service
- Product, process, and service
What are the two sources of sustainable competitive advantage?
What are the two sources of sustainable competitive advantage?
- Advertising and marketing
- Customer service and product quality
- Price and distribution
- Operational effectiveness and strategic positioning (correct)
How does the internet impact industry structure and sustainable competitive advantage?
How does the internet impact industry structure and sustainable competitive advantage?
What influences industry structure and sustainable competitive advantage?
What influences industry structure and sustainable competitive advantage?
What are the levels of innovation mentioned in the text?
What are the levels of innovation mentioned in the text?
How many sources of competitive pressure does the profitability of an industry rely on?
How many sources of competitive pressure does the profitability of an industry rely on?
How many sources of competitive pressure does the profitability of an industry rely on?
How many sources of competitive pressure does the profitability of an industry rely on?
What is the difference between radical and disruptive innovations?
What is the difference between radical and disruptive innovations?
What perspective does adopting a network provide?
What perspective does adopting a network provide?
What does adopting a network perspective provide?
What does adopting a network perspective provide?
What is the Innovator's Dilemma?
What is the Innovator's Dilemma?
What is necessary for successful innovation?
What is necessary for successful innovation?
What is driving the emergence of new business models?
What is driving the emergence of new business models?
What is driving the emergence of new business models?
What is driving the emergence of new business models?
What are the three components of strategic advantage?
What are the three components of strategic advantage?
What are the three elements that create strategic advantage?
What are the three elements that create strategic advantage?
What are the mechanisms for building capabilities faster?
What are the mechanisms for building capabilities faster?
What are the mechanisms for building capabilities faster?
What are the mechanisms for building capabilities faster?
Flashcards are hidden until you start studying
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
