Author Question: What are the different competitive strategies according to Porter's model? What will be an ideal ... (Read 64 times)

imowrer · **on:** Jul 7, 2018

What are the different competitive strategies according to Porter's model?

What will be an ideal response?

Question 2

The process whereby the physical design specifications created by the design team are turned into working computer code by the programming team is referred to as:

A) coding.
B) testing.
C) implementation.
D) code conversion.
E) production.

Jmfn03 · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

An organization responds to the structure of its industry by choosing a competitive strategy.
Porter followed his five forces model with the model of four competitive strategies. According to Porter, a firm can engage in one of four fundamental competitive strategies. An organization can be the cost leader and provide products at the lowest prices in the industry, or it can focus on adding value to its products to differentiate them from those of the competition. Further, the organization can employ the cost or differentiation strategy across an industry, or it can focus its strategy on a particular industry segment. According to Porter, to be effective, the organization's goals, objectives, culture, and activities must be consistent with the organization's strategy.

Answer to Question 2

A
Explanation: A) Ideally, the design specifications are clear and complete to allow the programmers to efficiently and correctly code the intended design with minimal need for additional clarification.
CL