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List and Describe the Five Strategies for Competitive Advantage

question 23

Essay

List and describe the five strategies for competitive advantage. Explain if and how Porter's Value Chain model would be different for each strategy.


Definitions:

Threatening Impulses

Internal desires or drives that are perceived as dangerous or unacceptable, leading to anxiety or distress.

Defense Mechanism

Psychological strategies employed by the unconscious mind to manipulate, deny, or distort reality in order to defend against feelings of anxiety and unacceptable impulses.

Reaction Formation

A defense mechanism where an individual behaves in a way opposite to their actual feelings or impulses, often to hide those feelings from themselves and others.

Defense Mechanism

Psychological strategies unconsciously used to protect oneself from anxiety arising from unacceptable thoughts or feelings.

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