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Chapter 5Competitive Rivalry and Competitive DynamicsMichael A. HittR. Duane IrelandRobert E. Hoskisson?2003 Southwestern Publishing CompanyThe Strategic Management ProcessChapter 2The ExternalEnvironmentStrategic IntentStrategic MissionStrategic InputsChapter 3The InternalEnvironmentStrategy ImplementationStrategy FormulationChapter 4Business-LevelStrategyChapter 5Competitive Rivalryand CompetitiveDynamics Chapter 10CorporateGovernanceChapter 11OrganizationalStructure and ControlsStrategic ActionsChapter 12StrategicLeadershipChapter 13StrategicEntrepreneurshipStrategicCompetitivenessAbove-AverageReturnsStrategic OutcomesFeedbackDefinitionsCompetitorsfirms operating in the same market, offering similar products and targeting similar customersCompetitive rivalrythe ongoing set of competitive actions and responses occurring between competitors competitive rivalry influences an individual firm’s ability to gain and sustain competitive advantagesDefinitionsCompetitive behaviorthe set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market positionCompetitive dynamicsthe total set of actions and responses taken by all firms competing within a marketTo gain an advantageous market positionCompetitiverivalryCompetitorsThrough competitive behaviorCompetitive actionsCompetitive responsesWhat results?What results?Competitive DynamicsCompetitive actions and responses taken by all firms competing in a marketFrom Competitors to Competitive DynamicsEngage inWhy?How?個案:General Mills1995年GM總裁宣佈取消價格促銷戰術家樂氏跟進Post乘機爭奪市場次要競爭者(私有品牌)伺機大顯身手改良產品提高效率和零售商建立良好關係大廠的競爭反應減價私有品牌利潤受到壓縮而出售產品線早餐穀片市場主要競爭者—家樂氏與Post (Philip Morris旗下的Kraft)競爭手法—價格/創新產品買一送一的促銷General Mills 的問題現有競爭者潛在競爭者供應商的貨源受污染Effect of Competitive Rivalry on a Firm’s Strategies Success of a strategy is determined by:the firm’competitive actions how well it anticipates competitors’ responses to them how well the firm anticipates and responds to its competitor
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