Reference no: EM133327959
Question 1. What is the difference between a ?ve-forces analysis and an analysis of competitive-advantage sustainability?
Question 2. How is sustainability affected by the presence of economies of scale?
Question 3. A ?rm's idea or product must be what two things in order to sustain long run competitive advantage?
Question 4. Coke and Pepsi-these two brands have sustained their competitive advantage for 100 years and are still going strong. GM and Ford- they had a time of dominance but competition has taken away their competitive advantage. Why is this? What is the difference between the two sets of companies (HINT: don't forget about the differences in the products they sell)?
Question 5. Which of the following situations would likely lead to a ?rst-mover advantage? 1. A team of US ?rms produces the ?rst HD Television. 2. A coffee company invents and introduces the ?rst freeze-dried coffee. 3. Target opens a store in a remote portion of Alaska. 4. Glaxo-Smith-Kline introduces the ?rst treatment for COVID-19.
Question 6. What is the winner's curse and how can ?rms prevent it? Give a real-world example of a situation that could lead to the winner's curse, and how could the ?rm prevent it?
Question 7'. Think about the format war between HD DVD and Blu-Ray (which, by the way, I ended up on the wrong side of. In 2007, I bought an HD DVD player and now it's worthless). Explain the in the market vs for the market decision that Toshiba (HD DVD) and Sony (Blu-Ray) faced. What are the various issues that the ?rms must have considered as they entered the war?
Question 8. What is creative destruction? Give an example. Do all industries have the same amount of creative destruction? Why or why not?
Question 9' What is the Resource-Based theory of the ?rm?
Question 10. What does it mean for a resource to be mobile? For mobile resources, to whom does the advantage accrue?
Question 11. Pick a company that has sustained a competitive advantage for many years. What isolating mechanisms has the ?rm relied upon? What improvements could be made?