PORTERPS GENERIC STRATEGIES OVERALL COST LEADERSHIP differentiation focus OVERALL cost leadership; producers could price at competitive parity, exploiting the benefits of a bigger margin than competitors.
PORTERPS GENERIC STRATEGIES OVERALL COST LEADERSHIP differentiation focus OVERALL cost leadership; producers could price at competitive parity, exploiting the benefits of a bigger margin than competitors.
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PORTERPS GENERIC STRATEGIES OVERALL COST LEADERSHIP differentiation focus OVERALL cost leadership; producers could price at competitive parity, exploiting the benefits of a bigger margin than competitors.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
“Lowest production and distribution cost for the lower price
than compatitors and to win a large market share.”
Example-
Dell focus on the improvisation of their computers
with the rapid change in technology, while marketing their products all the same. Their website is a very cost efficient method of selling their products. they continue doing that while striving to keep their costs low, and marketing their product just as it is. DIFFERENTIATON •A product that nobody can get elsewhere.
•Closer or more convenient access to a desired product.
•Better service.
•Better price
•Better value
•Differentiation strategy include targeting, positioning and
differentiation. This product posioned in the mind of the customers as being uniquely different from others, owing to their intense focus on their life style achieved through presentations of visual imagery, this evident show the hyper competition in this era. Differentiation is the panacea for the servival in the marketing. FOCUS •The firm can choose to compete in the mass market with a broad scope, or in a defined, focused market segment with a narrow scope.
•The company ideally focuses on a few target markets
(also called a segmentation strategy or niche strategy).
•In broad focus scope, the principle is the same:
the firm must ascertain the needs and wants of the mass market, and compete either on low cost or differentiation depending on its resources and capabilities. FOCUS CONTINUED….. Example;- Rolls Royce (luxury automobiles) ; Apple Computer (Desktop publishing). PORTER’S STRATEGIC ON TATA NANO Overall cost leadership;
Producers could price at competitive parity, exploiting the
benefits of a bigger margin than competitors. Some organizations, such as TATA are very good not only at producing high quality autos but also at low price. The great Of it TATA NANO. Which provids high feeling of technology at very low prise. Differentiation;
•TATA NANO is the worlds cheapest car of the world.
•This car is made for fullfillment the requirement of
the low middle class family. Till now no any company took risk like TATA.
•TATA is regularly providing strong believ to their customers.
Focus;
•Focus of TATA NANO to providing world class services
to the low income persons, who have desire to buy a family car.
•TATA NANO’s main focus is giving the value to low income
people as well as giving moral support to a safe drive than byke.(on a two-wheeler with a child standing in front, his wife sitting behind, add to that the wet roads-was a family in potential danger) ,