Competitive dynamics versus rivalry competitive dynamics – ongoing actions and responses taking place between all firms competing within a market for advantageous positions competitive rivalry – ongoing actions and responses taking place between an individual firm and its competitors for advantageous market position.
Drivers of competitive actions and responses awareness motivation ability market commonality resource dissimilarity the greater the resource imbalance between the acting firm and competitors or potential responders, the greater will be the delay in response by the firm with a resource disadvantage. Drivers of competitive actions and responses awareness motivation ability market commonality a firm is more likely to attack the rival with whom it has low market commonality than the one with whom it competes in multiple markets.
The ongoing competitive action/response sequence between a firm and a competitor affects the performance of both firms understanding a competitor’s awareness, motivation, and ability helps the firm predict the likelihood of an attack and response to actions initiated by the firm or other competitors.
Drivers of competitive actions and responses awareness refers to whether or not the attacking or responding firm is aware of the competitive market characteristics such as the market commonality and the resource similarity of a potential attacker or respondent.
18 drivers of competitive actions/responses other influences include resource dissimilarity the greater the resource imbalance between this is the end of the preview sign up to access the rest of the document. B set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position c total set of actions and responses taken by all firms competing within a market.