Question

Explain advantages and disadvantages of focus strategy

Answer 1

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Ur answer is :-

• Advantages and Disadvantages of the Focused Strategies. Each generic strategy offers advantages that firms can potentially leverage to enhance their success as well as disadvantages that may undermine their success. In the case of focus differentiation, one advantage is that very high prices can be charged.

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Answer 2

Answer:

The focus strategy focuses on the narrow segment and within the segment attempts to achieve either a differentiation or cost advantage.

Here are the advantages and disadvantages of focus strategy:

Advantages of Focus Strategy:

• It improves the pricing structure for the business.
• It allows you to identify your future customers with specificity.
• It is a chance to provide a higher quality product.
• It can improve customer service.
• It helps to build powerful relationships within each target market.

Disadvantages of Focus Strategy:

• It can limit future growth.
• It does not eliminate the threat of disruptions.
• It offers lower equipment utilization rates.
• It may limit the initial demand of a product or service.