Choose a firm with which you are familiar in your local business community. Is the firm successful in following one (or more) generic strategies? Why or why not? What do you think are some of the challenges it faces in implementing these strategies in an effective manner?

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09-06-2022
Business

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Choose a firm with which you are familiar in your local business community. Is the firm successful in following one (or more) generic strategies? Why or why not? What do you think are some of the challenges it faces in implementing these strategies in an effective manner?

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ayfat23 ayfat23 · Answer 1 · 2022-06-10T18:56:11+02:00

The firm am familiar with is Coca-Cola company and it uses cost leadership as the generic strategy which helps in acquiring gain popularity as well as market share.

What is cost leadership generic strategy?

The cost leadership generic strategy serves as the strategy that hel a company to quickly increase it's market share.

This strategy make the revenue of the company to increase, however, there is a challenge where there are competition with other companies using this same strategies.

Learn more about cost leadership at; https://brainly.com/question/14395542

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