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Competitive Advantage and Strategic Choices

1. Compare and contrast the competitive advantages and strategic choices for emerging industries, growing industries, mature industries, and declining industries.

2. Compare and contrast the three approaches to strategy, i.e., "three distinct ways to fight," employed by managers competing in business: position, resources, and patching.

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1. Compare and contrast the competitive advantages and strategic choices for emerging industries, growing industries, mature industries, and declining industries.

For emerging industries, the competitive advantage that the firm gets the opportunity to establish his brand, he can even get intellectual property protection such as patents and trademarks. The emerging industries have the opportunity to charge skim prices to recover development costs.

In growing industries the players get competitive advantage by introducing additional product features and support services. In addition, the firms are able to maintain ...

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