Porter’s Competitive Strategy Framework What are Porter’s generic strategies? APA Porter’s generic strategies are three main approaches businesses use to achieve competitive advantage in their industries. They include: Cost Leadership: Goal: Become the lowest-cost producer in the market. How: Focus…
Porter’s Generic Competitive Strategies What are Porter’s generic strategies? APA Porter’s generic strategies are a framework for achieving competitive advantage in an industry. There are three primary strategies: Cost Leadership: Goal: Become the lowest-cost producer in the industry. Approach: Focus…