DEFENSIVE STRATEGIES: APPROACH #2
DEFENSIVE STRATEGIES: APPROACH #2
- Publicly announce management’s strong commitment to maintain present market share
- Publicly announce plans to construct new production capacity to meet forecasted demand
- Give out advance information about new products, technological breakthroughs, & other moves
- Publicly commit firm to policy of matching prices & terms offered by rivals
- Maintain war chest of cash reserves
- Make occasional counter-responses to rivals’ moves