Buy custom Porter's Generic Strategies Explained
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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 490 |
Essay's paper body
Focus strategies are aimed at meeting the distinct preferences of a large group, or defining a product to better serve a larger group of consumers, even though the market share may be smaller. Success is found when consumers are drawn in and retained, and competitors do not copy the strategy. The downfalls include losing consumers due to preference changes, and losing business in the broader market...
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The downfalls include losing consumers due to preference changes, and losing business in the broader market.
After reading and understanding his theories of competitive strategy, I agree with the statement of Mr. Porter's wisdom, and hope to apply some of his strategies shortly, as I will be a small business owner...
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