From the first e-Activity, determine which of the two primary drivers of the competitive landscape is...
- From the first e-Activity, determine which of the two primary drivers of the competitive landscape is more influential. Explain your rationale.
- Explain which model (I / O model or resource-based model) you believe will best help a firm in the industry you researched earn above-average returns.
Homework Answers
1. From the e-activity, technology is the more influential essential driver of the competitive landscape. Technology will permit an organization can optimize its performance. In a competitive industry, an organization needs to remain current with technology to remain above water with their competitors. For example, the agrarian business must keep updating technology to keep pace with others in the same market.
2. Utilizing the resource-based model will help in the agriculture business by developing a realistic arrangement of strategy to implement. The resource-based model can help a firm achieve a considerable return. Additionally, by utilizing the company's very own resources they will be able to view their capabilities.
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