Q. 1 Please identify and explain with examples regarding the dynamics and sources of some domestic and foreign enterprises achieved the following combinations of strategic advantages corresponding to the Porter's generic strategies analytical framework.

Cost Leadership (2.5 marks)

Differentiation (2.5 marks)

Both Cost Leadership and Differentiation (2.5 marks)

Porter's generic strategies framework:

Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. A company also chooses one of two types of scope, either focus (offering its products to selected segments of the market) or industry-wide, offering its product across many market segments. Cost leadership is about achieving scale economies and utilizing them to produce high volume at a low cost. Margins may be narrower, but quantity is larger, enabling high revenue streams. Differentiation is creating a unique service or product offering, either through good branding or strong internal skills/core competencies, innovations. Higher prices are charged for differentiated products or services.