Competition Traps: Unconscious Biases and Conscious Decision

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dc.contributor.authorOsiyevskyy, Oleksiy
dc.contributor.authorShevchenko, Liudmyla
dc.contributor.authorMarchenko, Olga
dc.contributor.authorUmantsiv, Yurii
dc.date.accessioned2024-09-18T08:22:50Z
dc.date.available2024-09-18T08:22:50Z
dc.date.issued2023
dc.description.abstractCompetition traps are common situations across industries where players become locked in intense and ineffective competitive positions leading to negative outcomes for everyone involved. This article summarizes the insights of the previously disconnected streams of literature, distinguishing five broad types of traps: cognitive, price, disruptive, platform, and internal competition traps. The article outlines the mechanisms behind each type of trap and negative impacts they can have for the companies and industries. The study concludes by providing evidenceā€based managerial advice about avoiding the various competition traps, enabling the companies to achieve sustainable growth and success.en_US
dc.identifier.citationCompetition Traps: Unconscious Biases and Conscious Decisions / Oleksiy Osiyevskyy, Liudmyla Shevchenko, Olga Marchenko, Yurii Umantsiv // Rutgers Business Review. - 2023. - Vol. 8, No. 2. - Š . 111ā€“130.en_US
dc.identifier.issn2474-6509
dc.identifier.issn2474-2376
dc.identifier.urihttps://ekmair.ukma.edu.ua/handle/123456789/31608
dc.language.isoenen_US
dc.relation.sourceRutgers Business Reviewen_US
dc.statusfirst publisheduk_UA
dc.subjectcompetition trapsen_US
dc.subjecttype of trapen_US
dc.subjectcompetitivenessen_US
dc.subjectmanagement decisionsen_US
dc.subjectarticleen_US
dc.titleCompetition Traps: Unconscious Biases and Conscious Decisionen_US
dc.typeArticleuk_UA
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