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【G4】Dynamic Strategy (Schumpeterian rent & Entrepreneurs rent (It is…

- - - - External Analysis
        
        Barrier of Entry
        
        PESTEL
        
        Five Force Analysis
  - - - Internal Evaluation
        
        Barrier of Imtation
        
        Capabilities
        
        Resources
        
        Intangible
        
        VRIN
        
        Tangible
        
        Value Chain
        
        Primary Activities
        
        Secondary Activities
        
        Capabilities Analysis
  - - - Competitive Life Cycle
        
        Innovation
        
        Emergent Phase
        
        Growth Phase
        
        Mature Phase
- - - - Ferment
        
        Innovation focuses on product features
        
        Is largely exploratory
        
        Often led by small entrepreneurial firms
        
        Profits are made through differentiation and niche placement
      - niche
        
        early adopters and niche markets invest in an industry
      - Annealing
    - - Disruption
        
        Exogenous technological change (Technology Push)
        
        Changes in Market due to consumer shifts (Demand Pull)
      - Reordering
        
        New technologies may be worse at first
        
        New technologies supplant old as they improve
        
        Some new technologies may fail to improve fast enough and thus disappear
    - - Dominant Design
        
        Innovation shifts to process, delivery, and service
        
        Only a few large, efficient firms remain
        
        Pioneering firms often whither away
      - Shakeout