Firms Making Competitive Moves Assignment Example | Topics and Well Written Essays - 500 words

Firms qualification Competitive Moves - Assignment ExampleThis study stresses that among the advantages of being a first mover, is especially when making the portentous initial moves in a particular market that allow a specific steadfastly to pass off up with a dominant position that other businesses strain to overcome. A sufficient example of this is the Kentucky deep-fried Chicken (KFC) that established a very strong bond with the officials of China in leading the westerly Fast Foods, as they were the initial western restaurant that entered China first. Currently, they are still the leading firm in the rapidly growing market. Among the disadvantages, a first mover cannot be so certain some the likelihood of the customers in embracing the offerings that make the initial moves inherently risky.This paper declares thata time a rival or even a competitor introduces a disruptive innovation that in more or less cases conflict the existing competitive practices for instance the eme rgence of online trading where the executives make informed choices from three primary(prenominal) responses. First, they might think that the innovation could effectively replace the established offerings therefore choice on snap particularly on the traditional methods of business. Second, a firm could choose to overcome the challenge by assail different dimension and perspective. Finally, simply a firm may decide to match the competitors direction of the move.A Blue Ocean Strategy entails the creation of a new and untapped market instead of opposition with rivals in an existing market.