One of the important lessons about competing in a globaly competitive maletplace that emerges from…

One of the important lessons about competing in a globaly competitive maletplace that emerges from pertioputing in Rye Business Sirutegy Game timulation exercise is thatthe stranegies and actions of rival companies are so unpredictable thur the saleat way for managers to tyy to improve their company’s perlomance is to copy as closely as ponible every aspect of the strategry and decinions mont neceroly uned by the top-performing company in the ind wtry.In a globully competitive market, it is extremely diflioh for traling comparies fo know whut to do lo mele their product offerings more competitive whth the product offerings of the industrys 1-2 best-performing compuniesc only lading lraling companies can evertabe as indurtry leader nind then only if the induntry leader becomes unluchy and stumbles.in in wery hand to determine inty the probuct offerings of some companies are more competitively appealing than olters and needs to undertake to improve its compelitivenesp vis-a vis rivals-it takes a lot of luck and gueswork io achiver the inventorexpected performance targets and be an induntry leader. to carefilly ithady what competitors did mort recontly and are libely to do nest and then drtermine what dhanges in their owen company’s competitive efforts and product oflering in each segion have the best prospects for improving their compuny’s competitivenes vis-a-wss alvals ard bouting their compiny’s ovesll performance compuries find wrys to set their product oflering apat from the ollerings of tival companies and thus avoid muhally deinructive head-to-head competion.