What is the difference between a Cost Leadership strategy and a Differentiation strategy (Porter’s generic strategies)? Can both of them be used with a Focus product/market approach? Is it possible to combine cost leadership and differentiation? How does each strategy help a firm deal with the 5 forces? What differences might you expect in terms of the business capabilities needed

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What is the difference between a Cost Leadership strategy and a Differentiation strategy (Porter’s generic strategies)?

Can both of them be used with a Focus product/market approach?

Is it possible to combine cost leadership and differentiation?

How does each strategy help a firm deal with the 5 forces?

What differences might you expect in terms of the business capabilities needed to support each strategy?

Related Book For  answer-question

Survey of Accounting

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

ISBN: 978-0073379555