For a firm to imitate the strategy of another firm, and replicate its competitive advantage, it must do four things: identify the target firm, incentivize the rival, diagnose the sources of competitive advantage, and acquire the resources needed

Question

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To replicate a firm's competitive advantage, a firm must identify the target firm, diagnose the sources of competitive advantage, and acquire the necessary resources, but incentivizing the rival is not a required step.

For a Firm to Imitate the Strategy of Another Firm