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What Are the Three Generic Competitive Strategies That Porter Promotes

question 68

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


Definitions:

Artifacts

Objects, tools, or items that are created by humans, often used to represent cultural or historical information about a society, group, or individual.

Personal Enactment

The process of personally interpreting and acting upon beliefs, values, and goals in one's life or career.

Anticipatory Socialization

The first socialization stage, which encompasses all of the learning that takes place prior to the newcomer’s first day on the job.

Awards

Recognitions given to individuals or groups for their achievements, performance, or quality of work.

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