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Porter introduces one of the most powerful competitive tools yet developed: his three generic strategies lowest cost, differentiation, and focus which bring structure to the task of strategic positioning. He shows how competitive advantage can be defined in terms of relative cost and relative prices, thus linking it directly to profitability, and presents a whole new perspective on how profit



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Porter maintains that achieving competitive advantage requires a firm to make a choice about the type and scope of its competitive advantage. There are different risks inherent

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Porter introduces one of the most powerful competitive tools yet developed: his three generic strategies lowest cost, differentiation, and focus which bring structure to the task of strategic positioning. He shows how competitive advantage can be defined in terms of relative cost and relative prices, thus linking it directly to profitability, and presents a whole new perspective on how profit

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