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Objective: Evaluate the five generic strategies developed by Michael Porter.

Mindset: Understand Porter$$s five strategies and how they can be used by organizations.

Instructions

Michael Porter has identified five generic strategies that are used by organizations to develop a competitive advantage. Understanding these generic strategies and how they differ from each other will help managers be better prepared to choose and develop appropriate strategies for their organizations.

Help with:

$1.$ Review the five key categories of external forces that affect an organization as discussed in your text.

$2.1-$page response explaining Michael Porter$$s five generic strategies.

$3.$ Select five different organizations, each of which is following one of the five strategies that Porter has identified

$4.$ Explain why you have chosen those organizations to exemplify the selected strategy.

$5.$ Amazon, Walmart, Apple, Southwest Airlines, and Tesla.