Michael Porter's Generic Strategies Model Identifies Four Fundamental Strategies

question 66

Multiple Choice

Michael Porter's generic strategies model identifies four fundamental strategies. Which of the following correctly describes these strategies?

• A) Introduction, growth, maturity and decline.
• B) Growth, retrenchment, vertical integration and stability.
• C) Differentiation, cost leadership, focused differentiation and focused cost leadership.
• D) Stars, cash cows, dogs and question marks.
• E) Growth, differentiation, incremental and emergent.

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Definitions:

Forecast Including Trend

A predictive analysis that accounts for historical data and identifies future patterns, trends, and likely outcomes.

Smoothing Constants

Parameters used in exponential smoothing methods for forecasting that determine the weight given to the most recent observation.

Actual Values

The real, measured values obtained from data collection as opposed to predicted or estimated figures.

Unusual Events

Occurrences that deviate significantly from the norm, which can impact operations, finances, or safety in various contexts.