Porter's four competitive strategies are:-
c) focused-differentiation
d) cost-leadership
e) cost-focus differentiation
A strategy is an action a manager takes to achieve one or more organizational goals. Strategy can also be defined as “the general direction along which an organization and its various components will achieve a desired future state”. Strategy is born out of a detailed strategic planning process.
A plan of action resulting from a strategy or aimed at achieving a specific goal. A strategy is defined as an action plan. An example of strategy is a football team that wins using a particular game played by a coach. A carefully crafted plan of action.
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