What is the difference between an overall cost leadership strategy and a focus strategy? Provide examples of firms that use each type of strategy
What will be an ideal response?
The overall cost leadership strategy calls for a firm to focus on achieving highly efficient operating procedures so that its costs are lower than its competitors. Timex (watches), Vizio (high-definition TVs), Hyundai (automobiles), the Aldi (grocery stores), and Hynix (DRAM memory chips) use the overall cost leadership strategy. The focus strategy calls for the firm to target specific types of products for certain customer groups or regions. Hollister Co., a division of Abercrombie & Fitch, has targeted a narrow but lucrative slice of the apparel market by using the focus strategy.
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Negotiators may need to communicate with another person in the presence of someone who
should not understand their message. Ideally, the negotiator wants to communicate information to his or her group in a way that the counterparty does not understand or make the group aware that a surreptitious communication is taking place. This communication situation is called the: A) hidden table B) passive misrepresentation C) questionable ethics problem D) multiple audience problem
________ enjoy jobs that demand a high level of expertise and high standards of competence
They pride themselves on being independent and strong willed, caring little about political correctness and customary procedure if it wastes time and resources. A. Guardians B. Artisans C. Rationals D. Idealists