Page 3 :
Handwritten Notes, Paper 1, , Paper 2, (Management), , Soft Copy, , ₹ 100, , ₹ 300, , Hard Copy, , ₹ 150, , ₹ 450, , Call or Whatsapp for Notes : 7627096162, Note : Paper 1 includes 7 units except Comprehensions, Numerical Reasoning, and Data Interpretation because these units are practice based and theoretical, part of these units is covered in notes., For hard copies postal/courier charges are separate.
Page 4 :
Competitive Advantages, According to M E Porter, competitiveness within an industry is, determined by the following new entrants or new companies, within the industry; products that might act as a substitute for, goods or services that companies within the industry produce;, the ability of suppliers to control issues like cost of materials, that companies use to manufacture their products; the, bargaining power that buyers possess within the industry; and, the general level of rivalry or competition among firms within, the industry.
Page 5 :
Porter’s Generic Strategies, Porter suggested three generic strategies that managers, might take up to make organisations more competitive., ● Cost Leadership, ● Differentiation Strategy, ● Focus Strategy
Page 6 :
Porter’s Generic Strategies, Cost Leadership Strategy : Cost leadership is a strategy, that focuses on making an organisation more competitive, by producing its products more cheaply than competitors, can. The logic behind this strategy is that by producing, products more cheaply than competitors, organisations can, offer products to customers at lower prices than the, competitors and thereby hope to increase market share.
Page 7 :
Porter’s Generic Strategies, Differentiation Strategy : It involves attempting to, develop products and services that are viewed as unique in, the industry. Successful differentiation allows the business, to charge premium prices, leading to above average profits., Differentiation can take many forms – for example, design, or brand image; technology; customer service, unique, channels, unique features, quality.
Page 8 :
Porter’s Generic Strategies, Focus Strategy : It is a strategy that emphasises making an, organisation more competitive by targeting a specific, regional market, product line or buyer group. The, organisation can use either a differentiation or low cost, approach, but only for a narrow target market. The logic of, this approach is that an organisation that limits its attention, to one or a few market segments can serve those segments, better than organisations that seek to influence the entire, market.
Page 9 : Thanks for Watching, Like, Comment, Subscribe and Share, , “The Unlimited Struggler”, , Contact Details :Email :
[email protected], Call & Whatsapp : 7627096162, (Hard/Soft copy of Hand Written notes also available on paid basis)