Management and Organizational Studies 4410A/B Chapter Notes - Chapter 6: Resource-Based View

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 4410A/B
• Professor: Zdenek Necas

Document Summary

Competitors - firms operating in the same market, offering similar products and targeting similar customers. Competitive dynamics - describe the total set of actions and responses all firms competing within a market take. Multimarket competition - firms competing against each other in several product or geographic markets. First mover incentives - a firm that takes an initial competitive action to build or defend its competitive advantages or to improve its market position. R&d as well as to rapidly and successfully produce and market a stream of products. Slack - the buffer or cushion that resources provide that are not currently in use and that are in excess of the minimum resources needed to produce a certain level of output. It represents liquid resources that the firm can quickly allocate to support the actions for r&d investments and aggressive marketing: costs might be high as well, reducing the slack available to support further innovations.