Competitive Strategy: Techniques for Analyzing Industries and Competitors
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Early in his career, Porter identified a set of generic strategies—focus, differentiation, and cost leadership—that quickly became one of the most widely used tools for thinking about key strategic choices. Each of the three reflects the most basic level of consistency that every effective strategy must have. Focus refers to the breadth or narrowne
... See moreJoan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
Five Strategic Approaches
BCG suggests there are five strategic approaches to consider, and each is “optimal in different situations” whilst "each requires entirely different capabilities, processes, and tools.” They are:
1. The Classical Approach which is appropriate when operating in “environments with low unpredictability and low malleability”
2. T... See more
BCG suggests there are five strategic approaches to consider, and each is “optimal in different situations” whilst "each requires entirely different capabilities, processes, and tools.” They are:
1. The Classical Approach which is appropriate when operating in “environments with low unpredictability and low malleability”
2. T... See more