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3
CHAPTER 2
LITERATURE REVIEW
2.1
STRATEGY ACCORDING TO BOWMAN –
COMPETITIVE CLOCK
Bowman (1995) stated that the competitive environment is becoming
more
hostile
and
facing
increasing
competition
from the
new
markets. The
environment
is
becoming
more
unpredictable and there is a need for fast-paced
innovation. 
It 
is 
another 
way 
to 
analyze 
company’s 
competitive 
position 
in
comparison to the offerings of competitors.
Figure 2.1.1 Bowman Competitive Clock
Bowman   coined   the   term”   Strategy   Clock:  
in   the   Essence   of
Competitive
Strategy.
This
model
illustrates
a
company’s
competitive
position
in
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