One of the important lessons about competing in a globally competitive marketplace that emerges from participating in The Business Strategy Game simulation exercise is that o the competitive among rivals tends to be very intense initially but then begins to weaken gradually as more and more companies find ways to set their product offering apart from the offerings of rival companies and thus avoid mutually destructive head-to-head competition. o the strategies and actions of rival companies are so unpredictable that the safest way for managers to try to improve their company's performance is to copy as closely as possible every aspect of the strategy and decisions most recently used by the top performing company in the industry. o it is very hard to determine why the product offerings of some companies are more competitively appealing than others and even harder to figure out what new or different strategic actions and adjustments in competitive efforts one's own company needs to undertake to improve its competitiveness vis-a-vis rivals--it takes a lot of luck and guesswork to achieve the investor-expected performance targets and be an industry leader, o the dynamic, evolving nature of the competitive battle whong rival companies puts pressure on the managers of every company to carefully study what competitors did most recently and are likely to do next and then determine what changes in their own company's competitive efforts and product offering in each region have the best prospects for improving their company's competitiveness vis-a-vis rivals and boosting their company's overall performance in a globally competitive market. It is extremely difficult for trailing companies to know Ques Quest Quest Quest Questi Questi Questic Questic Questio Questio Question Question Question Question Question Question Question Questions O Question 4 0000000 Answered O No