What is rivalry among competing sellers?
Competitive rivalry is a measure of the extent of competition among existing firms. Intense rivalry can limit profits and lead to competitive moves, including price cutting, increased advertising expenditures, or spending on service/product improvements and innovation.
What are the factors that influence the intensity of rivalry?
A number of structural factors can affect industry rivalry:
- Numerous or equally balanced competitors.
- Slow industry growth.
- High fixed or storage costs.
- Lack of differentiation or switching costs.
- Capacity increased in large increments.
- Diverse competitors.
- High strategic stakes.
- High exit barriers.
What is a good indicator of competitive rivalry?
A good indicator of competitive rivalry is concentration ratio of an industry.
What are the competitive factors?
From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location.
What are the factors that influence strategic response?
Some of these factors include management functions, structural transformations, competition, socio-economic factors, laws and technology.
- Changes in Executive Management.
- Transformations in Organizational Structure.
- Competition from Other Businesses.
- Social and Cultural Factors.
- Laws and Regulations.
What are the factors that influence career pathways?
According to Social Cognitive Career Theory, or SCCT, an individual’s career pathway is primarily influenced by self-efficacy, expectations of outcomes and personal goals.
What are the factors affecting Organisational changes?
As outlined in the literature review, there are many organizational factors that influence business change projects, for example, the organization’s structure, size, project capabilities, customers, leadership, competition, culture, teamwork, and change readiness.