Broad Differentiation, Broad Cost Leadership, and ________ Create the Three

question 233

Multiple Choice

Broad differentiation, broad cost leadership, and ________ create the three generic strategies identified by Porter.

• A)Narrow market leadership
• B)High cost versus low cost
• C)Focused strategy
• D)None of the above

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Definitions:

Transactional Leadership

A leadership style focused on the exchange process between leaders and followers, where followers are rewarded for their compliance and performance.

Exchanging Benefits

The act of mutually providing or receiving advantages or resources between parties, often seen in relationships or negotiations.

Charismatic Leadership

A leadership style where the leader inspires and motivates followers through their personal charisma, vision, and ability to evoke strong emotions.

Vision Communication

The act of articulating, sharing, and promoting a clear and compelling future state or goal that an organization or individual aims to achieve.