Free

Firms Making Competitive Moves - Assignment Example

Comments (0) Cite this document
Summary
This chapter intensively gives a discussion on the firms that make competitive moves addressing the advantages of being a first mover; the disadvantages attached with relevant examples. It addresses the disruptive innovation in which the companies can shape the market. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Firms Making Competitive Moves
Read TextPreview

Extract of sample "Firms Making Competitive Moves"

Firms making Competitive moves Firms making Competitive moves This chapter intensively gives a discussion on the firms that make competitive moves addressing the advantages of being a first mover; the disadvantages attached with relevant examples. Alongside that, it addresses the disruptive innovation in which the companies can shape the market into which a new product has been introduced. When the companies are introduced in a new market, having a single store in gaining the brand recognition has been discussed as footholds. A strategy known as Blue Ocean Strategy in which the companies come up with new markets for their products instead of straining to enter in the existing market has as well been detailed in the chapter which is inclusive of three factors that are adequately used in the determination of the likelihood of any firm responding to the competitive move which include; motivation, awareness, and capacity (Hoványi, 2007).
Among the advantages of being a first mover, is especially when making the exceptional initial moves in a particular market that allow a specific firm to come up with a dominant position that other businesses strain to overcome. A sufficient example of this is the Kentucky Fried Chicken (KFC) that established a very strong bond with the officials of China in leading the Western Fast Foods, as they were the initial western restaurant that entered China first. Currently, they are still the leading firm in the rapidly growing market. Among the disadvantages, a first mover cannot be so certain about the likelihood of the customers in embracing the offerings that make the initial moves inherently risky.
A time a rival or even a competitor introduces a disruptive innovation that in most cases conflict the existing competitive practices for instance the emergence of online trading where the executives make informed choices from three main responses. First, they might think that the innovation could effectively replace the established offerings therefore choice on focus particularly on the traditional methods of business. Second, a firm could choose to overcome the challenge by attacking different dimension and perspective. Finally, simply a firm may decide to match the competitors’ direction of the move.
A Blue Ocean Strategy entails the creation of a new and untapped market instead of competition with rivals in an existing market (Hoványi, 2007). The mentioned strategy carefully follows the recommended approach by Sun-Tzu. In essence, the entire strategy tries to make the competition posed irrelevant. The Bricolage, a concept borrowed from the art that normally stress the move that introduces new markets.
Three main factors determine whether a firm is in a position to respond to the existing competitive move. Such include; awareness, capability and motivation. The mentioned three factors are as well able to determine the extent of competition tension between the rivals. Examination of the three main factors in a firm is very important, as it is very difficult to predict the expected results of the moves and the countermoves, which are very costly. In conclusion, the entire chapter keenly explains the comparative and competitive moves that a firm’s executive may easily choose from especially w3hen they are challenged by their competitors.
References
Hoványi, G. (2007). Strategy Moves: 14 Complete Attack and Defence Strategies for Competitive Advantage20072Jorge A. Vasconcellos e Sá. Strategy Moves: 14 Complete Attack and Defence Strategies for Competitive Advantage . Harlow: Prentice Hall/Financial Times 2005. European Journal Of Marketing, 41(7/8), 972-974. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Firms Making Competitive Moves Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/business/1701328-firms-making-competitive-moves
(Firms Making Competitive Moves Assignment Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/business/1701328-firms-making-competitive-moves.
“Firms Making Competitive Moves Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1701328-firms-making-competitive-moves.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Firms Making Competitive Moves

How firms gain competitive advantage in the changing business dynamics

...? Change: How firms gain competitive advantage in the changing business dynamics Executive Summary In the current environment of volatility and rapidly transforming socio-economic and political imperatives, the change management has increasingly become key element of competitive advantage for the business organizations. The need to identify the drivers of change and incorporating the same within the business strategies by organizational leadership has become top priority for mot only to succeed but also to survive. The five authors discussed in the paper it helps them to understand, anticipate, evaluate and analyze changes to identify the drivers of change and explore opportunities for...
13 Pages(3250 words)Essay

Do International Marketing Strategies help Multinational Firms achieve competitive advantage

...in new methods of growth by moving into other countries. This is not only offering growth with the global presence but is also establishing new marketing strategies at an international level. For a multinational firm to work into the global market there is the need to work toward a competitive advantage. This strategy is able to determine how a business can grow and offers new opportunities for establishing a strong global market. Finding examples of how to work into a global arena and determining what sets different businesses apart can provide a different approach to creating standards with marketing for multinational firms. 1. 1 Aims and Objectives The purpose of this...
32 Pages(8000 words)Dissertation

Firms Research

.... They are assisted in the workings of the business by several principal associates who function not only in the area of design but also in finance, marketing and IT. They also employ a dozen junior designers and several administrative staff thereby making it significantly bigger than Bluarch. Specializing in lighting designs, the firm claims to “Use light to narrate the architect’s story enhancing the communication of design through environmentally and economically conscious lighting solutions”. (FMS 1) Furthermore, for over forty years the company has incorporated their designs into a vast range of locations and has created lighting solutions for over 2500 projects around the world, that include museums...
10 Pages(2500 words)Research Paper

Perfectly Competitive Firms Versus Monopolies: Inability to Make Enormous Profits

...? Perfectly Competitive Firms Versus Monopolies: Inability to Make Enormous Profits Perfectly Competitive Firms VersusMonopolies: Inability To Make Enormous Profits Introduction There are many competitive firms that offer quality products, affordable prices and good customer service. It takes a number to years for a company to create a name in the industry and a specific brand that would catch a particular following in the market. However, despite the quality products and services, these companies may not be able to make enormous profits in the long run. Stated otherwise, these...
5 Pages(1250 words)Essay

Marketing. Firms gain competitive advantage

...Marketing: "The Role of FedEx and UPS in the New Logistics" Executive summery Firms gain competitive advantage by conceiving new ways of conducting activities, employing new procedures, technologies, inputs or channels of distribution. Redesigned of 'place' notion has a profound impact on organizational efficiency and can even lead to new organizational structures, products, and services. Both FedEx and UPS use information technology recasting the process of management, providing powerful new capabilities to help managers strategize and plan, organize, lead, and control. Companies may decide not to automate, rationalize, or reengineer place functions, but logistics companies are forced to use the Internet...
6 Pages(1500 words)Case Study

Anti competitive behaviour amongst oligopoly firms and government regulations

...Anti-competitive Behaviour amongst Oligopoly Firms and Government Regulations Introduction Globalization causes large companies to enter into merger and acquisitions which could eventually lead to the formation of oligopoly firms. The problem with having oligopoly firm is associated with the fact that these few companies could have a stronger market power to dictate the market price of commodities as compared to a situation wherein there are a large number of businesses that manufacture the same type of goods. (Gans, 2005) A lot of economists believe that the formation of oligopoly is similar to the development of anti-competitive activity within the regional or global markets. For this study, a brief concept of competition law... will be...
3 Pages(750 words)Essay

The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage

...independent and they invent their own technology (Mathews, 2006a). This is better than the foreign direct investment strategy because this is able to make sure the latecomer firms can grow on its own and take advantage of the local market better than the mother firm can ever do. 2. Network Alliances Network Alliances is another important strategy that has been widely used by Taiwanese firms such as TSMC, Inventec and DynaLab to overcome their entry barriers, gain competitive advantage and adopt the smiling curve theory. The Latecomer firms in Taiwan were also able to gain competitive advantage through their ability to...
10 Pages(2500 words)Article

More with the Moves

... Study of the Picture Move 2: define significant parts and how they’re related)? This photograph is on a business premisesby the name F.M. Pointer the Old Reliable House Mover (Darnton 2). The painting is the menu of the type of fish available to their customers that day with their prices. On the other hand, the painting tries to convince the customer on the quality products they have so as to attract more of them just as the name “… the old reliable…” implies. Watermelon, Cucurbitaceae is strategically placed so that any passerby could not them easily. Significantly, two men outside the building and the other people inside are signs of a busy premise. The flowers are the beautification of the premise. At the same time... , there is a...
1 Pages(250 words)Assignment

More with the Moves

... Corn Planting, Jasper County, Iowa Move 2: Significant Parts and Their Relationship All the features of the portrait are in its foreground for which there are two horses towing a plough on which a man sits. The animals appear healthy, which makes them suitable for the ploughing process. The two horses provide just the needed thrust power that propels the plough to cut across the vast dry land that extends to the middle and the backgrounds of the photo. The man in the picture has a rod that he uses to manipulate the horses and force them through the rather difficult terrain and the hot weather. The large piece of land indicates just how much more the animals and the man have to keep working if they have to finish. (John 1). Move 4... :...
1 Pages(250 words)Assignment

Making Sense of State Incentives for Small Firms

In particular, he contends that most local governments tend to offer business incentives as sweeteners for attracting startups. In his view, some of the common ways of doing giving such incentives are through tax credits, payments for site construction and offering of bonuses for the creation of jobs. The incentives may favor enterprises that wish to relocate from one region to another or looking to expand their business operations. According to Tuffile, most states have various business incentive programs that tend to be beneficial for businesses. These programs range from an offering of training for employees by the state, provision of tax incentives, as well as the issuance of low-interest loans that can be of significant benef...
18 Pages(4500 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Firms Making Competitive Moves for FREE!

Contact Us