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What is market commonality-resource similarity

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Reference no: EM131077453

Homework

Competitors are firms competing in the same market, offering products that are similar, while targeting specific customers in order to gain a competitive advantage. In this assignment you will demonstrate your understanding of how to create and maintain a competitive advantage, answer the following questions:

  • What is market commonality? What is resource similarity? What does it mean to say that these concepts are the building blocks for a competitor analysis?
  • What factors affect the likelihood that a firm will take competitive action?
  • What factors affect the likelihood a firm will initiate a competitive response to the action taken by a competitor?

Your paper should be 1-2 pages in length.

The book is Strategic management  competitiveness and globalization  concepts 12e, chapter 4 and 5

Reference no: EM131077453

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