Broad cost leader-cost leader with product lifecyle focus

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1. What are the pros and cons on using these strategies in the oil and gas industry: broad cost leader, cost leader with product lifecyle focus, and niche cost leader (low technology). explain in detail.

2. Describe a personal life experience in which you were in cultural cruise control. Why is this an example of cultural cruise control? What is a business example of cultural cruise control. What are ramifications of this? What can managers do to counteract?

Reference no: EM131738340

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