Please research an organization and determine how their business strategy differentiates them from other organizations in the same industry using Porter's four competitive strategies model.
A brief explanation of Porter's four competitive strategies. A brief explanation of how competitive strategy determines value chain structure. Identify and discuss the competitive strategy that the organization you researched utilizes in order to differentiate them from other organizations in the same industry
According to Mindtools.com, Porter has developed three generic strategies for competitive advantage. One is the "Cost Leadership", the other is "Differentiation" and the last one, "Focus". The cost leadership strategy pertains to the reduction in cost in the production and delivery of the organization's products and services. A company can be considered successful in its differentiation strategy if its products and services are more attractive and more unique than its rivals. Focus is further divided into two: Cost Focus and Differentiation Focus. Companies utilizing the focus competitive strategy study on a particular market to understand its dynamics and its needs. From the ...
Porter's competitive advantage model explained is examined. Competitive advantage and value-chain are given. The expert provides examples of companies with competitive advantage and explanation of their strategy used. The solution is 399 words with three non-APA references.