Strategic Management (Fach) / Turbulence Analysis (Lektion)
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Discribes the unique dinamic of a market with a turbulence scale and the behavior a firm needs to be succesfull in the diffrent turbulent markets
Turbulence is determined by the cangeability and predictability of the external enviroment of an organization
Different turbulence levels:
- Repetitive: repetitive, slow change. e.g. historical artwork market
- Expanding: slow incremental change. e.g. raw material market
- Changing: fast incremental change. e.g. retail market
- Discontinuos: discontinuos predictable change. e.g. mobile communication
- Suprising: discontinuos unprdictable change. e.g. medical market
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