Long-established firms and expected competitive behaviors

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New forms of business continue to enter industries that have long-established firms and expected competitive behaviors. These new businesses are changing the nature of the industries they enter and also the competitive landscape of that industry. Two examples stand out: Airbnb and Uber, a taxi-like firm familiar to most of us. The entry of these firms with generally new ways of doing business are creating a great deal of chaos in their respective industries. What do you see as some of the strategic implications (identify at least two) of this type of entry.

Reference no: EM132209769

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