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Competitive Rivalry and Competitive Dynamics
Michael A. Hitt
R. Duane Ireland
Robert E. Hoskisson
Chapter 5
1
©2003 Southwestern Publishing Company
第一页,共四十九页。
Strategy Implementation
Strategy Formulation
The Strategic Management Process
Feedback
Strategic Inputs
Strategic Actions
Strategic Outcomes
2
第二页,共四十九页。
Definitions
Competitors
firms operating in the same market, offering similar products and targeting similar customers
Competitive rivalry
the ongoing set of competitive actions and responses occurring between competitors
competitive rivalry influences an individual firm’s ability to gain and sustain competitive advantages
3
第三页,共四十九页。
Definitions
Competitive behavior
the set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position
Competitive dynamics
the total set of actions and responses taken by all firms competing within a market
4
第四页,共四十九页。
From Competitors to Competitive Dynamics
Engage in
Why?
How?
5
第五页,共四十九页。
個案:General Mills
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
1995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
6
第六页,共四十九页。
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 competitors’ initial actions
Competitive rivalry
affects all types of strategies
most dominant influence is on the firm’s business-level strategy or strategies.
7
第七页,共四十九页。
A Model of Competitive Rivalry
feedback
8
第八页,共四十九页。
Competitive Rivalry
Firms are mutually interdependent
one firm’s competitive actions have noticeable effects on competitors
one firm’s competitive actions elicit competitive responses from competitors
competitors feel each other’s actions and responses
Marketplace succ
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