Describe some of the pitfalls associated with each of the three generic strategies.
Answer to relevant QuestionsCan firms combine the generic strategies of overall cost leadership and differentiation? Why or why not? Think of a firm that has attained a differentiation focus or cost focus strategy. Are their advantages sustainable? Why? Why not? What are some of the important ways in which a firm can restructure a business? In recent years there has been a rash of corporate downsizing and layoffs. Do you feel that such actions raise ethical considerations? Why or why not? Data on the “competitiveness of nations” can be found at www.imd.ch/wcy/ranking/ . This website provides a ranking on a variety of criteria for 59 countries. How might Porter’s diamond of national advantage help to ...
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