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Lewis Terman's colleague, Melita Oden, continued to study Terman's gifted children after they reached adulthood. Oden compared the 100 most successful men (the A group) with the 100 least successful men (the C group) . What did Oden find?
Generic Strategies Model
The Generic Strategies Model is a framework developed by Michael Porter that outlines three strategies organizations can use to achieve competitive advantage: cost leadership, differentiation, and focus.
Focused Cost Leadership
A strategic approach where a company aims to be the lowest-cost producer in a particular niche or segment, offering prices lower than competitors while targeting specific customer groups.
Differentiation
In business, the process of making a product or service distinct from competitors in the market, often by emphasizing unique features or benefits.
BCG Matrix
A strategic business tool designed by the Boston Consulting Group to help organizations analyze their product lines or business units for decision-making purposes.
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