Does your selected business have differentiated products

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Reference no: EM132225541

Course is Strategic Management

The firm is 3M.

1. Does your selected business have differentiated products or services? If so, what is the basis for this differentiation from the competition?

2. Does your firm have a cost-leadership position in this business? If so, can you identify which cost drivers it uses effectively to hold this position?

3. What is your firm’s approach to the market? If it segments the market, identify the scope of competition it is using.

4. Using the answers to the preceding questions, identify which generic business strategies your firm is employing. Is the firm leveraging the appropriate value and cost drivers for the business strategy you identified? Explain why or why not.

5. What suggestions do you have to improve the firm’s business strategy and strategic position?

Reference no: EM132225541

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