Focusing too narrowly on current customers, technologies, and competitors can lead to a failure to notice important changes on the periphery of their environment that may trigger the need to redefine industry boundaries and identify a whole new set of competitive relationships. This is a result of relyingA. on traditional definitions of all industries and competitive environments. B. on traditional definitions of the relevant industry and competitive environment. C. solely on intuition. D. on a superficial evaluation of the relevant industry and competitive environment.

Question

Lukas

Business

24 February, 20:35

Focusing too narrowly on current customers, technologies, and competitors can lead to a failure to notice important changes on the periphery of their environment that may trigger the need to redefine industry boundaries and identify a whole new set of competitive relationships. This is a result of relyingA. on traditional definitions of all industries and competitive environments. B. on traditional definitions of the relevant industry and competitive environment. C. solely on intuition. D. on a superficial evaluation of the relevant industry and competitive environment.

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Answers (1)

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Zander · Answer 1

B. on traditional definitions of the relevant industry and competitive environment.

Explanation:

When there is traditional definition of the relevant industry for a company and also the competitive environment, companies will not want to go beyond the limits of this definition.

When there is too much focus on narrow definition of customers, technology, and competitors companies do not notice there are new opportunities that will result in expansion beyond their present scope of operations.