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1) every organization needs a start

2)strategy means pursuing a position that is unique

3)strategy decides companies position in market place

4)strategy to be socially beneficial-society wants choice (having innovation)

5)technology as an enabler

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How might Porter's generic strategies theory help to explain why Electronic Art lost its leadership in the video game market to Activision Blizzard?

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When was Michael Porter born?

Michael Porter was born on 1947-05-23.


What porter's 3 generic theory?

cost effectivenessdifferentiationfocus


What is a strategy clock?

Bowman's Strategy Clock is a model used in marketing to analyse the competitive position of a company in comparison to the offerings of competitors. It was developed by Cliff Bowman and David Faulkner[1] as an elaboration of the three Porter generic strategies. As with Porter's Generic Strategies, Bowman considers competitive advantage in relation to cost advantage or differentiation advantage. Bowman's Strategy Clock represents eight possible strategies in four quadrants defined by the axes of price and perceived added value. The resulting star shape is reminiscent of a clock face, giving this tool its name.


When was Michael Porter - footballer - born?

Michael Porter - footballer - was born on 1945-05-04.


When was Michael Porter - professional wrestling - born?

Michael Porter - professional wrestling - was born in 1951.


What has the author Michael Porter written?

Michael Porter has written: 'Australia-Korea' -- subject(s): Foreign economic relations


Is really worth studying business strategy?

Probably the most influential strategist of the decade was Michael Porter. He introduced many new concepts including; 5 forces analysis, generic strategies, the value chain, strategic groups and clusters. In 5 forces analysis he identified the forces that shape the strategic environment. It is like a SWOT analysis with structure and purpose. It shows how a firm can use these forces to obtain a sustainable competitive advantage. Porter modifies Chandler's dictum about structure following strategy by introducing a second level of structure: while organizational structure follows strategy, it in turn follows industry structure. Porter's generic strategies detail the interaction between cost minimization strategies, product differentiation strategies, and market focus strategies. Although he did not introduce these terms, he showed the importance of choosing one of them rather than trying to position your company between them. He also challenged managers to see their industry in terms of a value chain. A firm will be successful only to the extent that it contributes to its industry's value chain. This forced management to look at its operations from the customer's point of view.


Is Pepsi Cola a substitute foe Coca Cola according to Michael Porter?

Yes, it is true that pepsi cola is a substitute for coca cola according to Michael porter. Answer given By VIVEK TRIPATHI.


What is Michael Porter's middle name?

Eugene!


Who is Micheal Porter?

Michael Porter is a Professor at Harvard Business School. See related link:-


Why is Michael Porter important?

Michael Porter is a professor at Harvard Business school. He is involved with company strategy and the competitiveness of nations and regions. His work is widely recognized.