Thursday, October 25

Strategies are goal-oriented plans of action. They can be developed for a product, a business unit, or a whole corporation.

Types of Strategies

Product-Market growth matrix

  Existing Markets New Markets
Existing Products Market Penetration Market Development
New Products Product Development Diversification

 

Porter's competitive advantage

                                                                       Source of Competitive Advantage
 
Competitive Scope
Low Cost
Differentiation

 

Industry-wide
Cost Leadership
Differentiation
Single Segment
Focus
Focus

Global Marketing Strategies

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