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Conflict Resolution Frameworks
Porter's Generic Strategies
Michael Porter's foundational framework for achieving competitive advantage through three core strategies: Cost Leadership, Differentiation, and Focus. ✨
Article Points:
1
Competitive strategy is about being different to create a sustainable advantage.
2
Cost Leadership: Become the lowest-cost producer in your industry (e.g., Walmart, Ryanair).
3
Differentiation: Offer a unique product or service that commands a premium price (e.g., Apple, Volvo).
4
Focus: Serve a narrow market niche better than anyone else, using either a cost or differentiation approach.
5
The biggest danger is being 'stuck in the middle' with no clear strategy.
6
Strategy requires making trade-offs; you can't be everything to everyone.
Source:
Porter's Generic Strategies
Porter's Generic Strategies
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Source:
Porter's Generic Strategies
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