On the assumption Porter recommends to use one of three strategies in order to strengthen positions: 1. Leadership at the expense of economy on costs. Companies which have decided to use this strategy direct all their actions towards costs reduction. This may lead to greater market share, availability of competitive advantages (access to cheap raw materials, low costs of product delivery and selling), well-defined expenses control, possibility to economy on research, advertisement, and service. Advantages of this strategy are: companies stay profitable even in conditions of high level of comp...
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