The Following Questions are linked to this scenario: As product manager for Black & Decker's toaster ovens, you have been asked by the manager for the appliance division to consider various strategic models and their application to your business. You have read some material on the Boston Consulting Group matrix and the Porter generic strategy model.
-Which strategy alternative in the Porter generic strategy model most closely relates to the concepts of economies of scale, the experience curve, and improved bargaining power that are part of the Boston Consulting Group matrix?

Question

Quizplus · Accepted Answer

The Porter generic strategy of cost leadership closely relates to the concepts of economies of scale, the experience curve, and improved bargaining power, as it involves minimizing costs to offer products at competitive prices, which is achieved through economies of scale, learning and efficiency improvements (experience curve), and leveraging bargaining power to reduce costs.

The Following Questions Are Linked to This Scenario: as Product