Are The Two Basic Strategies For Creating Value? According to Michael Porter, what are the two basic strategies for creating value and attaining a competitive advantage in an industry? According to Michael Porter, low cost and differentiation are the two basic strategies for what? percentage of a company’s customers who defect every year to competitors.
Is Included In Strategic Control? Strategic control consists of monitoring the execution of strategy and making adjustments, if necessary. What are types of strategic control? The four types of strategic control are premise control, implementation control, special alert control and strategic surveillance. Each one provides a different perspective and method of analysis to maximize the
What Are The 3 Sources Of A Unique And Valuable Strategic Position? It means, according to Porter, “performing different activities from rivals, or performing similar activities in different ways.” Three key principles underlie strategic positioning: Strategy is the creation of a unique and valuable position, which emerges from three sources: few needs, many customers –