{"@context":"https://schema.org","@type":"QAPage","mainEntity":{"@type":"Question","name":"In the context of the conversation, \"dynamism\" most closely refers to","text":"In the context of the conversation, \"dynamism\" most closely refers to\n\nOption 1: the slow, gradual growth and morphing of established companies.\n\nOption 2: the rapid and frequent changes in leadership and market position within an industry.\n\nOption 3: the never-changing reliance on established and unchanging business practices.\n\nOption 4: the stability and predictability of traditional industries.","answerCount":1,"upvoteCount":409,"dateCreated":"2024-02-09T00:00:00.000Z","author":{"@type":"EducationalOrganization","name":"IIM Indore","url":"https://iimidr.ac.in"},"educationalLevel":"12th grade","learningResourceType":["Verbal Ability","Conversation Analysis"],"exam":"IPMAT Indore","acceptedAnswer":{"@type":"Answer","text":"| Paragraph | Summary | |-----------|----------| | Para 1 | Lucia asks what \"arenas of competition\" means | | Para 2 | Chris explains how top companies changed from 2005 to 2020 - new companies 8x bigger replaced old ones | | Para 3 | Introduces \"wizards vs muggles\" - wizards play by different economic rules | | Para 4 | Lucia asks what makes wizards different | | Para 5 | Chris defines wizards: growth + dynamism. Dynamism = \"shuffle rate\" - how much bottom moves to top | | Para 6-7 | Wizard industries have more economic profit and R&D |

**From passage:** \"But there's another dimension or axis too, which is dynamism. That is measured by a new metric we've come up with called the 'shuffle rate.' How much does the bottom move to the top?\" Okay, so Chris is explaining what dynamism means -> he says it's measured by the \"shuffle rate\" -> this shuffle rate asks \"how much does the bottom move to the top?\" -> this means companies at the bottom are rising up fast -> positions are changing quickly -> that's what dynamic means!

Here's where students get confused: Options 1 and 4 talk about slow/stable things, but the passage is about rapid change. Option 3 is opposite (never-changing). Let's eliminate: 🔴 Option 1 -> opposite-meaning -> says \"slow, gradual\" but dynamism means fast changes (shuffle rate = bottom moving to top quickly) 🟢 Option 2 is correct -> captures the idea perfectly: \"rapid and frequent changes in leadership and market position\" = companies moving up and down fast = shuffle rate 🔴 Option 3 -> polar-opposite -> \"never-changing\" is the exact opposite of dynamism (which is all about change) 🔴 Option 4 -> opposite-meaning -> \"stability and predictability\" are what muggle industries have, not wizard industries (which have high dynamism)","upvoteCount":358,"url":"/past-year-questions/ipmat-indore/2025/VA/35","dateCreated":"2024-02-10T00:00:00.000Z","author":{"@type":"EducationalOrganization","name":"AfterBoards","url":"https://www.afterboards.in"}}},"mainEntityOfPage":{"@type":"WebPage","@id":"/past-year-questions/ipmat-indore/2025/VA/35"},"dateModified":"2026-01-23T20:05:21.374Z","isAccessibleForFree":true}

IPMAT Indore (VA) PYQs

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