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What Are Michael Porter’s Three Generic Strategies?

The Strategic Project Manager

Is there a way to boil down strategic choices to three generic strategies? Strategy guru Michael Porter has done just that. This post explores the generic strategies, the pitfalls in choosing one, and their importance to project managers. Overview of Porter’s Three Generic Strategies.

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What Are the Benefits and Importance of Mass Customization?

The Strategic Project Manager

This post explores what Mass Customization means, its importance in strategy, and the Mass Customization benefits that project managers must deliver. What Is Mass Customization? How Does Mass Customization Impact Strategies? Porter’s three generic strategies provide yet another view of Mass Customization.

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PM, Strategy, and Cost Structure in the Business Model Canvas

The Strategic Project Manager

This post provides an overview of the importance of Cost Structure as a canvas component, gives guidance on how to approach identifying the Cost Structure for a business, looks at different types of Cost Structures, and looked at the implications of Cost Structure considerations for strategy and project management. Categories of Costs.

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Understanding Competitive Advantage in the Business Landscape

Wrike

Defining Competitive Advantage Competitive advantage can be defined as the unique attributes or strategies that set a company apart from its competitors and enable it to outperform them consistently. According to Porter, businesses can achieve competitive advantage through one of three strategies: cost leadership, differentiation, or focus.