What's Competitive RIVALRY?
Imagine you and your friend both want the last piece of cake. You're rivals, you’re both trying to get that cake, and it feels like a little battle. This is competitive rivalry: it’s about one-on-one competition between two or more people who are fighting for the same thing.
What's Competitive DYNAMICS?
Now imagine there are five kids in the room, all wanting that last piece of cake. Suddenly, it’s not just you and your friend, it’s everyone trying to get a piece. The way each kid acts affects how others act too. That’s competitive dynamics: it’s about how many players affect the whole game or situation.
In rivalry, it's like playing tag with one other person. In dynamics, it's like being in a big race where every runner can change the pace for everyone else.
Examples
- Two pizza shops in the same town both lower their prices to attract customers.
- A group of friends all try to be the best at video games.
- Two dogs in a park chase each other constantly.
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See also
- How to Conduct a Market Analysis in 4 Steps?
- What are incompetence of rivals?
- How Does The Five Competitive Forces That Shape Strategy Work?
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- How Does English auction: Easy explanation. Work?