2. Explain the benefits and drawbacks of following strategies

1. While the concept of “strategic groups” seems simple, why are strategic groups often difficult to determine? Provide examples within a particular industry.

2. Explain the benefits and drawbacks of following strategies

Low-Cost Leader (No focus)

Focus Low-Cost

Differentiation (No focus)

Focus Differentiation

3. Identify existing companies practicing each of the following strategies

Low-Cost Leader (No focus)

Focus Low-Cost

Differentiation (No focus)

Focus Differentiation

4. Explain why the “Low Cost/Differentiation” combination strategies are considered “Stuck-in-the-middle”.

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