Competitive strategy: The organization replies the structure of the industry by choosing a competitive strategy. It is a long term plan for a company to gain the profit over the other competitive industries. It plays major role when the company is providing similar products like its competitors. The four competitive strategies defined by Porter are, Lowest cost across the industry Better product/service across the industry Lowest cost within an industry segment Better product/service within an industry segment.

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Chapter 3, Problem 8CS

Program Plan Intro

Competitive strategy:

The organization replies the structure of the industry by choosing a competitive strategy. It is a long term plan for a company to gain the profit over the other competitive industries. It plays major role when the company is providing similar products like its competitors.

The four competitive strategies defined by Porter are,

Lowest cost across the industry

Better product/service across the industry

Lowest cost within an industry segment

Better product/service within an industry segment.

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