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Discuss the Four Specific Ways in Which Managers Can Lower

question 74

Essay

Discuss the four specific ways in which managers can lower costs and/or increase differentiation to obtain a competitive advantage.


Definitions:

Relevant Expertise

Pertains to having knowledge and skills that are directly applicable and valuable to a particular job, task, or situation.

Ownership Stake

A financial or economic interest in a business or enterprise, representing a share of its assets and potential profits.

Full-fledged Empowerment

The comprehensive granting of autonomy and authority to employees or team members to make decisions and take actions that affect their work.

Manager Decides

A process where leaders or supervisors make determinations or resolutions on behalf of a team or organization, guiding actions and strategies.

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