Differentiation or Cost Leadership

The textbook suggests that in that location are only two generic strategies available to a trusty specialisation or cost leadership. Both strategies can be apply either into a focused commercialise or a giving market. Do you agree that these are the only two strategies available? are they mutually exclusive? Why or why not? Porters generic wine Strategies Target ScopeAdvantageAdvantage Low CostProduct Uniqueness Broad(Industry Wide)Cost Leadership StrategyDifferentiation Strategies Narrow (Market Segment) cogitate Strategy( little cost)Focus Strategy(differentiation)Generally ,as per the Porters Generic Strategies thither are only two strategies are available to the firm i. e. , differentiation and cost leadership. These strategies are the strength of the market which is independent of the product and industry. along with these two strategies the focus strategy is in addition there which is the combination of low cost and differentiation strategy. The Focus strategy help fir ms to provide the eccentric good smell product with the low cost that focus on the Narrow Market segments. Advantage with the Focus Strategy is that it helps the both customer and organization side.Customers fulfil their needs within their budget and organization also gain its profits but the implementation of the Focus Strategy is very(prenominal) risky which required more studies of the market and about competitors. As per my aspects Focus strategy really helps the organization to able to produce the good quality of product within the customer budgets which also focus on the market demand. Daft, R. L. (2010). Management (9th ed. ). Mason, OH South-Western Cengage Learning. ISBN 13-9780324595840 Ref Porters Generic Strategies