How can you show “reasonable care” when it comes to Intellectual Property Rights of a product|My homework helper

1. Competitive strategies are the plans that companies use to gain an advantage over their competitors in the market. Some potential strategies that may have contributed to EA’s loss of leadership in the video-game market include:

a. Innovation: Activision Blizzard may have focused on innovation and produced new and unique games that appeal to a wider audience, while EA may have become complacent and continued to rely on tried-and-true formulas.

b. Diversification: Activision Blizzard may have diversified their product offerings and expanded into new markets, while EA may have remained focused on a narrow range of products.

c. Cost structure: Activision Blizzard may have had a more efficient cost structure and been able to offer their products at a lower price point, while EA may have had higher costs and struggled to compete on price.

d. Marketing: Activision Blizzard may have had a more effective marketing strategy, reaching and engaging more customers than EA.

2. The adaptation model is a useful tool for advising companies on how to maintain their competitive advantage. To use this model to advise Activision Blizzard:

a. Monitor the environment: Keep an eye on changes in the market, technology, and competition. This will help you identify new opportunities and potential threats.

b. Evaluate internal strengths and weaknesses: Ass