What is a trade-off according to Porter? Why are trade-offs important? Why is it essential to make...

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Finance

What is a trade-off according to Porter?
Why are trade-offs important?
Why is it essential to make trade-offs?
Give examples of trade-offs in the airline industry and TaiwanSemiconductor.
What are the trade-offs IKEA made compared to traditionalfurniture retailers. Talk about product design, product variety,in-store service, delivery and store design, flat packs.

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Porter suggested that tradeoff is essentially deciding what not to do to deliver the service you want to provide your customers in a way its still diffrentiated and difficult to copy by competition See Answer

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What is a trade-off according to Porter?Why are trade-offs important?Why is it essential to make trade-offs?Give examples of trade-offs in the airline industry and TaiwanSemiconductor.What are the trade-offs IKEA made compared to traditionalfurniture retailers. Talk about product design, product variety,in-store service, delivery and store design, flat packs.