What balance to strike between offensive-defensive

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Reference no: EM13107069

Q. Illustrate what’s the answer?

Young Industries in fast-growing, emerging markets face such hurdles as (Points : 1)

1) Learning to be a courageous first-mover, becoming skilled cost-cutters and developing mass merchandising skills.

2) Managing rapid expansion, defending against competitors trying to horn in on their success and building a strong competitive position for the long term.

3) Acquiring an intuitive feel for Illustrate what buyers will like and explain how they will use the product.

4) Learning to conduct reliable market research, figuring out Explain how to build scale economies and becoming adept at product innovation.

5) Deciding which of the five generic competitive strategies to adopt, whether to be a risk-taker or risk-avoider and Illustrate what balance to strike between offensive and defensive.

Reference no: EM13107069

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