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What is competitive strategy and its types? Discuss comprehensively the different types of competiitve strategy, preferably with sample/example.
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- highlight the different types of generic strategies and then critically explain how buisnesses can use them for competitive advantage .select an industry of your choice to justifywhy is healthy competiton important? What is an example of healthy competition and what is the reasoing why it is healthy competition?How possible is it to pursue successfully a hybrid strategy of more than one generic competitive strategy? I
- Identify possible innovations or new strategic models that Mc Donalds company can apply in terms of but not limited to the following:·Product·Place·Price·Promotion·Peoplehow do you decide on market strategy?identify 2 internal and 2 external factors that could affect the firm’s ability to strategically compete in its market of coles super market..
- Describe the three types of competitive strategies. Support your answer with examples.What distinguishes differentiation from segmentation? For each of the following companies, indicate which (if either) of segmentation and differentiation apply to the firm's strategy: Harley (2000s), Coke, Walmart (1980s), Economist, Dell (1990s).Explain by providing two real examples from the market of two companies applying “Push and Pull strategies” (one example company for each strategy)
- what are the different generic strategies as formulated by Porter and how do these lead to competitive advantage? What are the limitations of these generic strategies?3. How are you going to use ESC grid to develop marketing strategies? Illustrate if needed. ExplainHow does Industry structure contribute to competitive analysis? Explain using Industry analysis process. (case in marketing)