Michael Porter's Generic Strategies Model Identifies Four Fundamental Strategies

question 125

Multiple Choice

Michael Porter's generic strategies model identifies four fundamental strategies.Which of the following correctly describes these strategies?

• A)Introduction,growth,maturity,and decline.
• B)Stars,cash cows,dogs,and question marks.
• C)Growth,differentiation,incremental,and emergent.
• D)Differentiation,cost leadership,focused differentiation,and focused cost leadership.
• E)Growth,retrenchment,vertical integration,and stability.

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Definitions:

Performance Standards

Specific benchmarks or criteria set by organizations to measure the quality and effectiveness of employee tasks, behaviors, and outcomes.

Measurable

Capable of being quantified or expressed as a specific value, making it possible to evaluate or compare.

Task Analysis

The process of identifying the tasks, knowledge, skills, and behaviors that training should emphasize.

Undergo Training

The process of receiving instruction and practice in a particular skill or set of skills, often for the purpose of improving job performance.