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[G5] Dynamic Strategy (competitive life cycle analysis (growth phase<…

- - - - The shake-out is a very interesting empirical regularity that we observe over many different industries
  - - - This is probably the least reliable in terms of knowing exactly how this will play out within an industry
        
        The competitive Life Cycle describes dynamics that are similar across industries and markets.
  - - - Annealing is an engineering term referring to the hardening of steel into various types of shapes
- - - - Business model
      - Customers
      - New technology
  - - - Industry structure
        
        The structure might protect certain position
      - Barrier to entry
        
        High requirement of entering market
    - - Some firms are simply better at doing something than doing another firm
    - - Innovation matters
      - To remain competitive, firms need to respnd innoatively to changes in the
      - Markets are dynamic
- - - - differentiation and niche placement
        
        product feature
  - - - manufacturing, delivery, service
  - - - New dominant design