Question
The four components for creating a competitor's response profile are: 1) Understanding the competitor's current strategy, 2) Identifying the competitor's future objectives, 3) Understanding the competitor's assumptions about the industry and itself, and 4) Identifying the competitor's resources and capabilities. These components help in predicting the competitor's reactions to different competitive moves.
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Understanding the strategic goals, moves, and potential responses of existing and potential competitors is essential to strategy formulation. There are four components to creating a competitor's response profile. Based on these four components, a competitor response profile can be created to detail possible offensive moves and defensive capability.
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