Analysis of external environment. Competitive dynamics - boyd and bresser 2008
16 important questions on Analysis of external environment. Competitive dynamics - boyd and bresser 2008
What is the central focus of Boyd & Bresser (2008)?
What does traditional theory predict about response delay?
What is Boyd & Bresser’s main theoretical contribution?
- Higher grades + faster learning
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Why does traditional theory argue for quick responses?
What are the three main reasons quick responses are seen as beneficial?
- Profit advantages of imitation (fast second strategy).
- Cost advantages from learning from rivals’ mistakes.
- Aggressive marketing/management responses limit first mover dominance.
What are the risks of overly fast responses?
Why might delayed responses sometimes be beneficial?
What shape describes the relationship between response timing and responder performance?
Why do intermediate delays often perform best?
What are three reasons firms respond too quickly or too slowly?
- Bad luck – unforeseen developments undermine an otherwise appropriate decision.
- Conscious choices – deliberate deviation from optimal timing, accepting risks.
- Blind spots – errors due to cognitive biases in competitor analysis.
What are three types of blind spots in competitor analysis?
2. They engage in a nonrational escalation of commitment with respect to previously chosen strategic directions (sticking to previous choices or paths, even if they are not working out)
3. They show unjustified overconfidence in their judgment and abilities.
What is Hypothesis 1 (H1)?
What is Hypothesis 2 (H2)?
What industry and period did the study analyze?
What was the independent variable and dependent variable?
What are the managerial implications?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
