Exam 16: Strategic Elements of Competitive Advantage

The strong rivalry in the U.S.market between Dell,Gateway,Hewlett-Packard,Apple,and other computer companies has helped make the United States a world leader in personal computers.

An approach to competitive advantage that exploits weaknesses in competitors' narrow-focus strategies is called a ________ strategy.

Volkswagen strategy to become the world's number one automaker by 2018 included all of the following except:

"Hypercompetition" is a term that describes a business environment of escalating rivalry characterized by rapid product innovation and short product life cycles.

Building layers of advantage,searching for loose bricks,changing the rules of competitive engagement,and collaborating are elements of the competitive advantage framework developed by:

Michael Porter's four generic strategies for achieving competitive advantage are product differentiation,price leadership,promotion power,and distribution efficiency.

Intel's loose brick was its narrow focus on complex microprocessors for PCs.

The Swatch Group is the world's second largest watchmaker.This shows that in the low-cost segment,brands compete on price and value.

According to Porter,the nature of the interaction between potential industry entrants,buyers,substitute products,suppliers,and rival firms determines:

"Switching costs" are one of the barriers to entry in Porter's five forces model.