Organization products from the products of competitors

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Reference no: EM131429166

Pick an industry and identify four companies in the industry that pursue one of the four main business-level strategies (low-cost, focused low-cost, and so on)

Low-Cost Strategy-Driving the organization’s total costs down below the total costs of rivals.

Differentiation- Distinguishing an organization’s products from the products of competitors on dimensions such as product design, quality, or after-sales service.

“Stuck in the Middle”-Attempting to simultaneously pursue both a low cost strategy and a differentiation strategy. Difficult to achieve low cost with the added costs of differentiation

Focused Low-CostServing only one segment of the overall market and trying to be the lowest-cost organization serving that segment.

Focused Differentiation-Serving only one segment of the overall market and trying to be the most differentiated organization serving that segment.

Reference no: EM131429166

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