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Entry into a market by a new competitor evokes a reaction. As a result, a competitive...

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Operations Management

Entry into a market by a new competitor evokes a reaction. As aresult, a competitive dynamic- action and response begins. Beforeresponding to a competitor, firms must understand the competitivedynamics of the business in order to succeed with a growthopportunity. Suggest and critically discuss a model that helpsmanagers to meet this objective Support your answer with examples.( New Competitive Action , Threat Analysis : Marketcommonality+ Resource similarity , Motivation andCapability to Respond

(((((((Word count 300 OR LESS )))))))

Answer & Explanation Solved by verified expert
3.9 Ratings (793 Votes)
New market entry for any organisation is always a critical situation It includes a deeplevel study of the industry economic and social conditions to consider the viability method of action and government help to make it easier to do    See Answer
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