Now, i want to share with you abaout SWOT analysis:
This is factor to generate the appropriate strategies. But many too forget about this analysis.
So, keep remember and apply in our life.
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Last topic that I want to share is focus strategy is the firm competing in a narrow scope within an industry where the firm selects a segment or group and tailors its strategy to serve them. Two variants: 1) Cost focus where a firm strives to create cost advantage in its target segments. 2) Differentiation focus where a firm seeks to differentiate its products or services in its target market.
Cost leadership strategy -Ability to produce a product or service at a cost below what competitors can achieve. -Concentrate on providing a basic and standardized product or service that can be produced at a relatively low cost and made available to a broad target market. - Successful implementation requires a consistent focus on driving costs relatively lower to competitor's cost.
BUSINESS LEVEL STRATEGY It refer to strategies that firm use to build competetive advantage. Beside it focus on improving the competitive position of a company's product or service within the specific industry or market segment that the company services. Such as:
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