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What are the three main competitive strategies by Michael Porter 🤔
Focused Strategy
Porter's Generic Strategies
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Cost leadership: When a company sells cheap and makes money
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Porter's Generic Strategies Explained with Examples
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Porters generic strategies is about how a firm can achieve a competitive position in the industry
Competitive Strategies (Cost Leadership vs Differentiation)
Business level Strategy- Focused Strategy
Cost Leadership Strategy - Advantages and Examples of Cost leaders like Walmart and Ikea
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