Successful implementation of a(n)________ strategy requires a company to develop unique competencies that rivals find hard,if not impossible,to match or copy.

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Differentiation strategy focuses on developing unique competencies that set a company's products or services apart from its competitors. This may involve investing in research and development, creating a strong brand image, or offering exceptional customer service. By doing so, a company can establish a competitive edge that is difficult for rivals to replicate, which in turn can lead to increased customer loyalty and higher profits. Cost leadership, globalization, and marketing strategies also require specific competencies, but they may not necessarily be as unique or difficult for competitors to match or copy.

Successful Implementation of A(n)________ Strategy Requires a Company to Develop