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Running head: RESEARCH QUESTIONS
Discuss in length, analyze and compare the five general Competitive strategies. Please
discuss when they are best used and not to be used. Also, provide "real" world examples of
A company competitive manages the points of interest of the board's diversion plane in
contending effectively. This is possible is the company puts some efforts to satisfy customers,
responding to the market forces, and offensive and defensive moves to counter the maneuvers of
rivals as well as strengthening the company's position in the market. Therefore, through the use
of the five generic competitive strategies, the organization will succeed particularly in the
aggressive market. Utilizing procedure inside the organization will be basic for the
accomplishment of the organization (Porter, 2008). The five general aggressive plans are
minimal effort supplier system, abroad separation methodology, best cost supplier technique, a
concentrated methodology dependent on low expenses and a concentrated methodology
dependent on separation.
Low-cost provider strategies
This is the tactic of the company to lower overall cost than their competitors to gain market
advantage. This can be a powerful approach to competition because most of the customers are
price sensitive. The low-cost provider's tactic target is very crucial in attracting customers
because of the lowered costs of their products. However, the price is not necessarily, but it is
slightly lower than other leading competitors. However, low-cost provider strategies will be best
used in a competitive market and where the company is aiming at attracting many customers
than their close competitors (Kumar, 2006). The maximum effectiveness, the companies
initiating a low-cost provider strategy need to achieve their cost advantage in ways that are not
easy for rivals to be copied or matched by other companies.
On the other hand, the strategy can be hazardous to the company when it is not well managed.
Without well analyzing the standard price which is low as compared to other companies, the
company will end up making a loss that can lead to the company to close down. For example, the
Coca-Cola company will want to reduce the price of their products to achieve a competitive
advantage in the market. If one liter of Coca Cola beverage costs $ 0.99, and their close
competitor's Pepsico beverage costs $ ...