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Mini-Quiz: Types of Business Competition

by Ron Kurtus (revised 27 May 2007)

Take this Mini-Quiz to check your understanding of the lesson material.

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1. How can a restaurant use performance to win competition with other restaurants?

Provide good food, good prices and top service

Send in people to other restaurants to disrupt their operations

Only be open when others are closed

2. How do breakfast cereal companies compete head-to-head?

They try to get the best locations of their products on the supermarket shelves

They have contests using clowns and circus animals

They refuse to eat the opponents' brands

3. What predatory competition tactics has Starbucks Coffee used to win market share?

Provide coffee that is low cost and highly tasty

Open Starbucks near smaller local coffee shop to drive them out of business

Allowed customers to bring in laptop computers

If you got all three correct, you are on your way to becoming a Champion in Winning Competitions. If you had problems, you had better look over the material again.

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Know your business competitors

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Resources and references

Ron Kurtus' Credentials

Websites

Competition Resources

Succeed in Business

Using Quality Management (TQM) in Business

Using ISO 9000 in Business

Books

(Notice: The School for Champions may earn commissions from book purchases)

Top-rated books on Business Competition

Top-rated books on Business Strategies

Competitive Advantage: Creating and Sustaining Superior Performance by Michael E. Porter; Free Press (1998) $37.50 - Concepts of business and corporate strategy

Competition Demystified: A Radically Simplified Approach to Business Strategy by Bruce Greenwald, Judd Kahn; Portfolio Hardcover (2005) $26.95 - Business Strategy for executives to show how their markets work, where there competitive opportunities lie, and how to develop and protect them

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Where are you now?

School for Champions

Competition topics

Mini-Quiz: Types of Business Competition

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Competition topics

Basics

• Motivations to Win a Competition

Types of competition

• Major Types of Competition
• -- Performance Competitions
• -- Head-to-Head Competitions
• -- Predatory Competitions

Between individuals

• Individual Competition
• -- Competing for a Job
• -- Competition in Political Campaigns
• -- Competing for Social Status
• -- Gambling
• -- Bullying

Between teams

• Using Art of War in Athletic Competitions
• Factors in Winning Basketball Games
• Gamesmanship in Tennis Match
• Strategy Used in Ali-Foreman Fight
• Dealing with Hustlers in a Competition

Between companies

• Business Competition
• -- Types of Business Competition
• -- Using Advertising for Advantage
• -- Using Location for Advantage
• -- Using TQM for Advantage

Conflict and war

• Fighting as a Form of Competition
• War as Competition
• "The Art of War" by Sun Tzu

Animals and plants

• Animals Compete for Food
• Competition Among Plants

Winning strategies

• Criteria for Winning Various Competitions
• Preparing to Win a Competition
• Role of Confidence in a Competition
• Momentum in a Head-to-Head Competition
• Disarming Your Opponent in a Competition
• Winning a Negotiation

Underhanded strategies

• Cheating in a Competition
• Dirty Playing in Competition
• Influencing the Judges to Win a Competition
• Examples of Unfair Tactics in Chess
• Defending Against a Dirty Player
• Poor Winner in a Competition

Also see

• Competition Survey Results
• Succeed in Sports
• Advance in Your Career
• Succeed in Business

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