Assalamualaikum w.b.t
This week is week 5th for us and that means we have done our 5th lecture with miss ummi. is it so fast right? i thought that i have know her about yesterday but it over a month already.
today we have learned about the five generic competitive strategies. the five generic competitive strategies are:
1- low cost provider
2- broad differentiation
3- focused low cost
4- focused differentiation
5- best cost provider
:) a low cost advantage over rivals can translate into better profitability than rivals attain.
:) a firm's cumulative costs across its overall value chain must be lower than the competitor cumulative costs.
miss ummi also explain what is cost drivers. here, i have stated about the cost drivers that miss ummi try to make it simple to understand:
-economies scale
-learning and experience
-capacity and utilization
-supply chain and efficiencies
-input costs
-production technology and design
-communication systems and information technology
-bargaining power
-outsourcing and vertical integration
-incentive systems and culture
miss ummi also explain what is cost drivers. here, i have stated about the cost drivers that miss ummi try to make it simple to understand:
-economies scale
-learning and experience
-capacity and utilization
-supply chain and efficiencies
-input costs
-production technology and design
-communication systems and information technology
-bargaining power
-outsourcing and vertical integration
-incentive systems and culture
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