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About: Strategic competition     Goto   Sponge   NotDistinct   Permalink

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In business management, strategic competition is a commitment within an organization to make a very large change in competitive relationships. One of the main principles of strategic competition is that the response of an organization regarding another one's introduction of a new product defines the impact of such in the market. This type of competition has proven itself useful when trying to explain a firm's executive compensation schemes, leading to time compensation.