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Hypercompetition Concepts Quiz
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Hypercompetition Concepts Quiz

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@WellPositionedAgate

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Questions and Answers

Which of the following is a key element of hypercompetition?

  • Slow technological changes
  • Quickly changing markets (correct)
  • Stability and predictability in the market
  • Lack of competition between companies

    • What is the main driver of hypercompetition according to the text?

  • Flexible organizational structure
  • Increasing knowledge intensity (correct)
  • Risk-free strategy
  • Low attractive industry

    • What is the purpose of strategic management according to the text?

  • To achieve sustainable competitive advantage (correct)
  • To earn below average returns
  • To avoid taking risks
  • To maintain the status quo

    • Which of the following is NOT a key element of competition according to the text?

    <p>Stability</p> Signup and view all the answers

    What is the main consequence of hypercompetition according to the text?

    <p>Market decline</p> Signup and view all the answers

    What is the relationship between strategic flexibility and knowledge intensity according to the text?

    <p>Strategic flexibility is essential for coping with increasing knowledge intensity</p> Signup and view all the answers

    What is the Resource-based view (RBV) model?

    <p>A model that focuses on internal competencies and capabilities.</p> Signup and view all the answers

    What is the difference between a firm's vision and mission?

    <p>Vision is about what the firm wants to achieve, while mission is about the customers a firm wants to serve.</p> Signup and view all the answers

    What is required to make difficult managerial decisions according to the text?

    <p>Judgement is required.</p> Signup and view all the answers

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