Formulating Strategy

Consider the four generic business strategies defined by Michael Porter. How do they compare and contrast?

Ensure complete answers for the questions and comprehensive research to bring out the topic well.
quality is essential in this question. good grammar is required. Use subtitles to enhance understandability

APA, 300 words

three references

use the book provided earlier as one of the references

 

………………………Answer preview………………………….

The four generic business strategies developed by Michael Porter are Cost Leadership Strategy, Differentiation Strategy, Low-Cost Focus Strategy, and Differentiation Focus Strategy. Michael Porter referred these strategies as the “generic strategies” because they are not meant to be used by a specific firm or industry………………………..

APA

365 words