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Porter's Generic or Competitive Strategy Explained in 1min

YouTubeBusiness Edutainment

Porter's Generic or Competitive Strategy Explained in 1min

Generic or competitive strategy, developed by Michael Porter, explains how companies achieve and maintain a competitive edge. It includes three core strategies—cost leadership, differentiation, and focus—and a hybrid approach combining their elements. Cost Leadership involves being the lowest-cost producer while meeting market standards, as ...

339 views10 months ago

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