A comprehensive model of global competitive dynamics involves:
A)Resource-based considerations.
B)Institution-based considerations.
C) Industry-based considerations.
D) All of the above.

Question

A comprehensive model of global competitive dynamics involves:
A)​Resource-based considerations.
B)​Institution-based considerations.
C) ​Industry-based considerations.
D) ​All of the above.

Quizplus · Accepted Answer

A comprehensive model of global competitive dynamics should consider all three factors: resource-based, institution-based, and industry-based considerations. These factors are all interrelated and it is important to consider how they interact and affect firms' competitive positions. Resource-based considerations include a firm's unique resources, capabilities, and competencies that give it a competitive advantage. Institution-based considerations include the cultural, legal, and political factors that shape a firm's behavior and competitiveness in different countries. Industry-based considerations refer to the structure and dynamics of the industry in which a firm operates, including the intensity of competition, potential for innovation, and barriers to entry. By considering all three factors, firms can better understand the global competitive landscape and develop effective strategies for success.

A Comprehensive Model of Global Competitive Dynamics Involves