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MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024 $3.01   Add to cart

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MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024

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MNM3709 Assignment 3 Semester 2 2024 | Due 1 October 2024. All questions answered.  Question 1 1. Evaluate the three generic strategies that companies can use to create a competitive advantage in Wiid, et al. (2020; 2024). Explain using practical examples what strategy OBC Meat and Chicken...

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  • September 20, 2024
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 Question 1

1. Evaluate the three generic strategies that companies can use to create a competitive
advantage in Wiid, et al. (2020; 2024). Explain using practical examples what strategy OBC
Meat and Chicken has used to create a sustainable competitive advantage. Keep each example
and justification under 100 words.

Three Generic Strategies for Competitive Advantage (Porter’s Model):

 Cost Leadership: A company minimizes costs to offer lower prices than competitors, gaining
market share through price advantage. Example: Walmart achieves cost leadership by
leveraging economies of scale.

 Differentiation: Companies create unique products or services perceived as valuable by
customers, often allowing premium pricing. Example: Apple differentiates with innovative
design and technology.

 Focus: This strategy targets a specific market niche, tailoring offerings to specific customer
segments. Example: Rolls-Royce focuses on the luxury car market.

OBC Meat and Chicken Strategy:
OBC Meat and Chicken uses a focus strategy, targeting the price-sensitive market with low-cost,
high-quality meat products through their vertically integrated supply chain. By emphasizing
affordability and reliability, they sustain a competitive advantage in underserved regions.

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