Question: Strategy should be designed to gain competitive advantage. In this relevance, Porter proposed market forces (e.g.; threat of substitutes, bargaining power of buyers, etc.) and
Strategy should be designed to gain competitive advantage. In this relevance, Porter proposed market forces (e.g.; threat of substitutes, bargaining power of buyers, etc.) and competitive strategies (low cost leadership, etc.).
State the examples/scenarios for each of the market forces and competitive strategies that indicate the competitive move by the company results into gaining edge over the rival.
Also relate each competitive strategy with the relevant structure i.e. Mechanical or Organic.
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