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School of ManagementMGMT310 COMPETITIVE ADVANTAGE Trimester 2, 2016 COURSE OUTLINE Prescription An exploration of strategies and sources of competitive advantage, including generic competitive strategies,

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How to fill out porters generic competitive strategies

01

Understand the three main strategies: cost leadership, differentiation, and focus.

02

Evaluate your industry and competition to determine which strategy will be most effective.

03

Choose one of the three strategies and focus on implementing it effectively in your business.

04

Continuously monitor and adjust your strategy to stay competitive in the market.

Who needs porters generic competitive strategies?

01

Businesses looking to gain a competitive advantage in their industry.

02

Companies wanting to focus on a specific market segment.

03

Organizations aiming to differentiate their products or services from competitors.

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What is porters generic competitive strategies?

Porter's generic competitive strategies are cost leadership, differentiation, and focus strategies used by businesses to gain a competitive advantage.

Who is required to file porters generic competitive strategies?

Porter's generic competitive strategies are not required to be filed formally, but they are implemented by businesses as part of their strategic planning process.

How to fill out porters generic competitive strategies?

Porter's generic competitive strategies are filled out by analyzing the market, competition, and internal capabilities of a business to determine the best strategy to pursue.

What is the purpose of porters generic competitive strategies?

The purpose of Porter's generic competitive strategies is to help businesses create a sustainable competitive advantage in the marketplace.

What information must be reported on porters generic competitive strategies?

Porter's generic competitive strategies typically include analysis of the market, competition, and internal capabilities of a business.

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