The five generic types of competitive strategy are not characterized by a high-cost provider strategy.
A competitive strategy is a set of policies and procedures that a company employs to gain a competitive advantage in the market. It is the process by which companies identify and take actions to improve their competitive position.
A competitive strategy is a plan of action developed by a company to gain a competitive advantage over its competitors. This strategy is created after assessing the strengths, weaknesses, opportunities and threats of the competition and comparing them to yours.
Organizations have three basic strategic options for gaining a competitive advantage. These are cost leadership, differentiation, and focus.
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