Who are competitors? How are competitive rivalry, competitive behavior, and competitive dynamics defined in the chapter?
In the ever-evolving realm of business, comprehending the competitive landscape is imperative for any organization aspiring to thrive. Competitors encompass not solely fellow enterprises within the same industry but also entities contending, either directly or indirectly, for shared resources, clientele, and market dominance. To attain a holistic grasp of the competitive milieu, an exploration of competitive rivalry, competitive behavior, and competitive dynamics is essential. These concepts stand as pivotal pillars not just for strategic formulation but also as the bedrock of competitive intelligence.
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