Homework
Length: 1000 words.
Instructions
Once a firm has completed the strategy formation process, it moves into the implementation stage. Often, this entails a series of competitive actions in order to establish, maintain, and increase market position. Factors that affect a firm's decision to initiate competitive actions include first-mover motivation, organizational size, and product quality. Conversely, firms may wish to initiate a competitive response based on their competitors' actions. These actions can be either strategic or tactical, and are often based on the size, stability, and financial position of competitors.
In a paper of no fewer than 1000 words, you must complete two tasks:
• Explain the concept of competitive action, and provide details about each of the factors that would affect the likelihood of a firm initiating a competitive action.
• Explain the process of initiating a competitive response. Differentiate between strategic and tactical responses, and explain what factors lead to a firm launching a competitive response.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.