Find great ways to use root vegetables of all sorts - potatoes, beets, carrots, turnips, rutabagas, and celery root. Find great ways to use root vegetables of all sorts - potatoes, beets, carrots, turnips, rutabagas, and celery root.
Tweet. Michael Porter developed three generic strategies, that a company could use to gain competitive advantage, back in 1980. These three are: cost leadership, differentiation and focus. Definition: Michael Porter developed three generic strategies, that a company could use to gain competitive advantage, back in 1980. These three are: cost leadership, differentiation and focus.
For this reason, Michael Porter argued that to be successful over the long-term, a firm must select only one of these three generic strategies. Otherwise, with more than one single generic strategy the firm will be stuck in the middle and will not achieve a competitive advantage.