Michael Porter Suggests Four Basic Competitive Positioning Strategies That Companies

question 84

Multiple Choice

Michael Porter suggests four basic competitive positioning strategies that companies can follow-three winning strategies and one losing one.Which of the following are considered winning strategies?

• A) middle-of-the-roader, focus, and overall cost leadership
• B) focus, differentiation, and middle-of-the-roader
• C) overall cost leadership, differentiation, and middle-of-the-roader
• D) overall cost leadership, differentiation, and focus
• E) differentiation, operational excellence, and focus

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Definitions:

Separated Twins

Twins who have been raised apart from one another, often used in studies to understand the influence of genetics versus environment.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character.

Technical Understanding

The ability to grasp and apply specialized knowledge or skills related to a particular field or technology.

Creative People

Individuals who think outside the box and are able to generate original and innovative ideas or solutions.