Competitive Analysis & Market Intelligence Flashcards
7 cards from real CSM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Competitive Analysis & Market Intelligence flashcards as text
The Ansoff Matrix maps growth strategies along two dimensions. Which strategy involves selling NEW products in EXISTING markets?
Answer: Product Development
Product Development involves creating new or modified products for the firm's current market base, leveraging existing customer relationships.
A blue ocean strategy is characterized by:
Answer: Creating uncontested market space where competition is irrelevant
Blue ocean strategy focuses on creating new demand and market space rather than fighting over existing customers in a crowded, competitive market.
A company discovers that its main competitor has filed patents for technology that could make the company's core product obsolete. This is an example of a:
Answer: Threat
A competitor's disruptive patent is an external, negative factor—a threat in the SWOT framework—that could erode the firm's competitive position.
Which approach to competitive intelligence is UNETHICAL and should be avoided?
Answer: Posing as a potential customer to extract proprietary information
Misrepresentation—pretending to be a customer to extract confidential information—is an unethical and potentially illegal form of intelligence gathering.
A company in a mature, slow-growth industry holds several business units with low market share and low growth potential. According to the BCG Matrix, these units are classified as:
Answer: Dogs
Dogs have both low market share and low growth, offering little return on investment, and are often candidates for divestiture.
Scenario planning in competitive analysis is primarily used to:
Answer: Create multiple plausible future environments to test strategic resilience
Scenario planning prepares organizations for multiple possible futures, enabling strategies that remain robust under different competitive conditions.
When a strategic manager identifies that two competitors are pursuing nearly identical strategies—same price range, similar product features, overlapping target segments—they are most likely in the same:
Answer: Strategic group
Firms in the same strategic group follow similar strategies along key dimensions, making them each other's most direct competitors.