Five basic generic competitive business-level strategies set the foundation for the optimum long-term growth of a company. Starting a business is a time of great hopes for big dreams, tensions, future successes, and meaningful effects on the market with generic business-level strategies. In 1980, Michael Porter identified three general tactics that a business may employ […]
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6 Types of Competitive Strategy – How to Decide Your One
There are several types of competitive strategy examples for market leaders. A competitive strategy is an optimal position that holds a business in the market, which results in more customers and profits. Whenever there is a competitive advantage related to low cost or product disparities, then it becomes a competitive advantage. A good competitive advantage […]
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