. Discuss the four generic strategies (cost,
focus, etc.) including the pros/cons of each and when...
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General Management
. Discuss the four generic strategies (cost,focus, etc.) including the pros/cons of each and when they might bemost effective. For our purposes, focus is consideredone strategy (you don’t have to differentiate between cost focusand differentiation focus). What is the primary risk whendiscussing generic strategies? with real world example
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Pros Cons Risks with example 1 Cost Leadership 1 More profits through lower costs 1 Only one winner 2 Benefitial when the consumers are price sensitive 3 Chances of replicability is more 4 could lead to a damaging price wars Toyota is a classic case where efficiecncy was built in the production line that
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