Asked by joely Tornero on Sep 26, 2024
____ are the two key variables in Porter's generic competitive strategies model.
A) Resources and markets
B) Primary markets and secondary markets
C) Time and cost
D) Cost and volume
E) Competitive advantage and competitive scope
Competitive Advantage
The attributes that allow an organization to outperform its competitors, such as superior quality, cost structure, or customer service.
Competitive Scope
The breadth and range of activities a company undertakes to compete, including geographic reach, product and service segments, and target markets.
- Acknowledge the repercussions and techniques of Porter's generic competitive strategies paradigm.
- Appreciate the critical significance of competitive advantage in strategic business planning.
Learning Objectives
- Acknowledge the repercussions and techniques of Porter's generic competitive strategies paradigm.
- Appreciate the critical significance of competitive advantage in strategic business planning.
Related questions
Managers Pursuing the ____ Strategy Have an Overriding Concern for ...
When Walmart Competes Globally on the Basis of Everyday Low ...
____ Has Been Defined as An Integrated and Externally-Oriented Perception ...
All of the Following Are Included in Porter's Generic Competitive ...
According to Porter , Which of These Is the Ability ...