In: Operations Management
What are the Strategies for Winning a Format War?
One type of a war is competition to become an industry standard between two or more different formats. Norms are relevant in all industries, and wars of format are popular. The winning standard typically has the biggest market share. The lost format is always sold dead until it's absolutely gone. The winning format is often theoretically best, although the various formats typically have different advantages. First or cheapest can also help a product compete over its rivals.
Strategies for Winning a Format War are as follows:-
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