What Are the Three Generic Competitive Strategies That Porter Promotes

question 68

Multiple Choice

What are the three generic competitive strategies that Porter promotes as the means for outperforming other corporations in a particular industry?

• A) competitive scope, differentiation, and focus
• B) diversification, concentration, and competitive scope
• C) cost, competitive scope, and focus
• D) concentration, cost leadership, and differentiation
• E) cost leadership, differentiation, and focus

Know the processes and importance of legislation and public policy in societal regulation.

Recognize the significance of incorporating race, class, and gender in sociological research.

Understand the sociological viewpoint on male domination and female subordination.

Develop the ability to link sociological theory with social phenomena, understanding the impact of social structures.

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Definitions:

Participative Leadership

A leadership style where decision-making is shared among group members, fostering engagement and collaboration.

Innovation

Innovation entails the process of translating an idea or invention into a good or service that creates value or for which customers will pay, differentiating from creativity by its focus on application.

Adaptability

The capacity to adjust to new conditions or environments.

Task-Oriented

Focused primarily on completing tasks and achieving goals efficiently and effectively, often with a detailed plan and structure.