ISSUES AND QUESTIONS IN COMPETITIVE DYNAMICS. 1. What is the essence of competitive dynamics? 2. Which general factors lead to more competitive rivalry? 3. What are the drivers of the competitive behavior? 4. How does market commonality intensify the interfirm rivalry? 5. How may multipoint competition reduce the intensity of interfirm rivalry? 6. How does resource similarity intensify interfirm rivalry? 7. What are the fist mover advantages? 8. What are the two pricing strategies for attacking first movers? 9. What are the competitive risks for the first movers? 10. What are the factors that increase the likelihood of a response to attack by a fist mover? 11. What are the ways a company can be a fast second mover? 12. What are the advantages of being a fast second mover? 13. What are the two different types of competitive actions and how do they differ? 14. Which factors increase the likelihood of a response to the competitive actions? 15. Which factors increase a firm’s ability to attack/respond? 16. What are the three different market types and how do they differ? 17. What are the competitive outcomes in each market type? 18. How do firms try to gain/maintain competitive advantage in slow cycle markets? 19. How do firms try to gain/maintain competitive advantage in fast cycle markets? 20. What is meant by creative destruction and how is this concept used in strategy formulation? 21. What is meant by “speed as strategy”