Explain the key features of Michael Porter’s generic competitive strategies in detail
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Explain the key features of Michael Porter’s generic competitive strategies in detail.
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- Pick a company and discuss the following:1. Discuss factors affecting a competitor's likelihood to take competitive actions.2. Describe factors affecting the likelihood a competitor will respond to actions taken by its competitors.3. Explain competitive dynamics in slow-cycle, in fast-cycle, and in standard-cycle markets.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?What are the two main sources of competitive advantage that a company might want to pursue (according to Grant 2016)? Select one: a. Cost advantage and differentiation advantage b. Low cost and high cost C. Sales volume advantage and added value d. Broad market advantage and narrow market advantage
- Using the three disntinctive generic business strategy by Porters, which business strategy is most suitable for investment company that deals with assets managementDescribe Michael Porter’s competitive forces and strategies and the three main strategies companies can apply to gain a competitive edge within their particular business environment.1. Differentiate between the five generic competitive strategies citing company examples for each.