Question: What is the difference between a Cost Leadership strategy and a Differentiation strategy (Porters generic strategies)? Can both of them be used with a Focus

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?

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