A new entrant in a market dominated by established players introduces itself with copycat products of another competitor. Would this strategy work in the long-term for the firm? Justify your answer.
What will be an ideal response?
Mimicking the strategies of successful industry rivals-with either copycat product offerings or maneuvers to stake out the same market position-rarely works. Rather, every company's strategy needs to have some distinctive element that draws in customers and produces a competitive edge. Strategy, at its essence, is about competing differently-doing what rival firms do not do or what rival firms cannot do.
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The financial loss that each stockholder in a corporation can incur is usually limited to the amount invested by the stockholder
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
In past generations, people dreamed of prestige and perks associated with executive suites of major corporations, but the millennial generation believes that career success requires them to be more nimble, independent, and entrepreneurial.
In Walters v. Metropolitan Educational Enterprises, Inc, the Supreme Court held that the ______ was used to determine the number of employees for coverage of Title VII.?
A) ?"payroll method" B) ?"statistical method" C) ?content validity D) ?construct validity
In the context of product adoption and diffusion, which of the following questions relates to the product characteristic of observability?
A. How visible is the product to other potential consumers? B. How easily can potential consumers sample the new product? C. Can potential consumers easily understand what your product is and how it works? D. How consistent is your product with the existing way of doing things?