Description
In this case study, you will 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 (p. 85). Write a one- to two-page (250-500-word) paper to include the following: A brief explanation of Porter's four competitive strategies. o 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. APA rules for formatting, quoting, paraphrasing, citing, and listing of sources are to be followed.
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Explanation & Answer
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Running head: BUSINESS STRATEGIES USING PORTER'S MODEL
Business Strategies Using Porter's Model
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Institution
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BUSINESS STRATEGIES USING PORTER'S MODEL
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Business Strategies using Porter`s Model
Porter’s Four Competitive Strategies Model
Any business without a competitive strategy has challenging time in attracting the
customers. According Kroenke (2015), every business faces different challenges in the market
and it is important for the entrepreneurs to identify various approaches to curb the challenges.
According to Porter, there are four strategies which when used in the market; they help the
businessmen to control the challenges. First, cost leadership strategy requires the seller ton have
long term commitment in selling the products at low price. The challenge realized here is that the
products might be sold at lower price as opposed to before hence realizing low profit, but one
must endure (Qi et al., 2017)...
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