Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not?
Answers
It is possible for a company to continue a cost leadership strategy and a differentiation strategy simultaneouslybut it does not work for everyone. ... Some companies like Toyota have actually joined both. A company lacking one of the competitive strategies is easily left with no competitive advantage.
Answer:
Yes, Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously because of following reasons-
Explanation:
A cost management strategy refers to making use of plans and operations to lessen the price of commercial enterprise strategies to advantage maximum aggressive gain.
A differentiation method refers to developing and promoting unique and modern products and services to the customers to benefit most patron pride and goodwill.
yes, a enterprise or business unit can comply with a cost leadership strategy and a differentiation method concurrently. If a firm is concentrating on making use of each enterprise strategies concurrently, it enables in gaining numerous benefits like top rate expenses and decrease prices at the same time. as a consequence, it allows the firm to advantage a sizable percentage within the market and achieve various aggressive advantages. It also helps the firm in accomplishing above-common performance and tasty the company in one widely wide-spread strategy.
but, if the company can not control those techniques simultaneously, it can get caught within the middle role and might have hard opposition with rivals.
accordingly, if the company desires to manage each techniques simultaneously, it need to successfully examine, experiment, and put in force the plans.
Is it possible for a company or business unit to follow a cost leadership strategy and a differentiation strategy simultaneously? Why or why not?
https://brainly.in/question/31665028
how can companies pursuing a cost leadership and differentiation strategy become struck in the middle? how can such companies regain competitive advantage?
https://brainly.in/question/25589465
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