asked 140k views
4 votes
Complexity and unpredictability are not helpful in dealing with

firms’ attacks and counterattacks.
a.True
b.False=

asked
User Nico Mee
by
8.2k points

1 Answer

0 votes

Final answer:

The statement is false, as complexity and unpredictability are inherent in firm behavior within competitive markets, influenced by globalization and technological advances. These factors often force firms to develop strategic approaches to outmaneuver competitors and adapt to changing market conditions.

Step-by-step explanation:

The statement 'Complexity and unpredictability are not helpful in dealing with firms’ attacks and counterattacks.' is false. In the dynamic business world, complexity and unpredictability often play significant roles. For instance, the forces of globalization and new communications and information technology have ramped up the competition among firms globally, pushing them to be more strategic in their operations. Moreover, disturbances such as losing a critical resource without preparation can indeed affect a firm's capability to compete effectively.

The ongoing battle between small and large firms, fueled by new technologies, adds to the complexity and unpredictability of business strategies. Small firms might be able to extend their reach, while large firms might leverage technology to manage widespread operations, potentially leading to 'winner-take-all' markets. This level of competition and the strategies firms adopt, whether proactive or reactive, show that complexity and unpredictability are inherent to firm behavior in market economies and are critical to understanding their competitive actions.

answered
User Johnnymire
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.