Which of the following strategies was identified by Michael Porter to successfully compete in the marketplace?
A)Groupthink
B)Brainstorming
C)Simulation
D)Focus

Question

Quizplus · Accepted Answer

Michael Porter identified the "focus" strategy as a way to successfully compete in the marketplace. This strategy involves narrowing the scope of the business and developing a competitive advantage in a specific market segment or niche. It allows companies to target specific customer groups and tailor their products and services to meet their needs more effectively. This focus can lead to higher profits and lower costs, as the company becomes more efficient in meeting the needs of its target market.

Which of the Following Strategies Was Identified by Michael Porter