Porter's Generic Strategies for a Competitive Advantage - Simplest explanation ever with relevant examples Porter's Generic Strategies model is very relevant in terms of business studies, business tutorials, business meetings and just overall in the world of business even in this day and age. This video covers all the perspectives of the approach and makes it easier for people to remember it with the help of relevant examples. This simple video is derived from expert input and the presentation style is deliberately kept simple and concise as always. Please like & share the video and subscribe to this channel to express support. I intend to dedicate time and resources to improve the quality & presentation of future content.
Views: 16090 Mister Simplify
This webseminar explains the three generic competitive strategies of Michael E. Porter. This webseminar is complementary to the webseminar of the value disciplines of Treacy and Wiersema. Have a look at my webinars concerning these models: 6 Steps of marketing planning: https://youtu.be/v99uQvI4AiM Treacy & Wiersema's Value strategies explained: https://youtu.be/NtuArGXUP9Y Ansoff's growth matrix explained: https://youtu.be/htp5YTvIymQ The Value Chain of Porter explained: https://youtu.be/aERoUQwvQyk Michael Porter's 5 Forces model explained: https://youtu.be/33XmkfbzwO8 The BCG Model explained: https://youtu.be/tKO5TpR2UwE 7S model of McKinsey: https://youtu.be/yGceFEDmtIM SWOT Analysis explained: https://youtu.be/bunYnEGaEvs Abell's Business Definition explained: https://youtu.be/pzKymyGLaBg MABA Portfolio analysis explained: https://youtu.be/dWWg2dPSfgI Please subscribe to my channel for future webinars and like this video if it is valuable for you! You can also leave your comments or requests in the section below to ask for any other models which you would like to have explained in a webinar. Thank you all for watching and good luck with your exams or business!
Views: 31005 Pepijn Schoemaker
Buy our app and get access to the models. You can place your own content in the model and use it for your assignments. You can use it in your teaching or presentations as well – just remember to tell it’s from flixabout.com. Furthermore, you get to see the full text for the movies. Prize for the App: 2 Euro. Enjoy. https://itunes.apple.com/dk/app/forklar-mig-lige/id1034714497?mt=8 https://play.google.com/store/apps/details?id=com.flixabout.flixabout Porter identified four possible competitive strategies in the book "Competitive Advantage" published in 1985 in order to achieve a better result than the competition in the industry. These four strategies should be seen as a continuation of Porter's Five Forces. But now it's specifically about how a firm can achieve a favorable competitive position in the industry. More on www. flixabout.com
Views: 64721 flixabout.com
This video explains Porter's Generic Strategies and provides examples of firms for each strategy. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 85310 Edspira
Let's Make Your Business Digital With Lapaas. Join Our Most Advanced Digital Marketing Course. That will cover 23 Modules of Business And Digital Marketing like SEO, SEM, Email Marketing, Social Media Marketing, Affiliate Marketing , Digital Identity Creation, blogging, advanced analytics, blogging, video production, Photoshop, business Knowhow, etc To Know More Call +919540065704 or Visit https://lapaas.com/ Lapaas - Best Digital Marketing Institute 455 Shahbad Daulatpur, Delhi-110042 Nearest Metro Station Samaypur Badli Or Rithala Share, Support, Subscribe!!! Youtube: https://www.youtube.com/IntellectualIndies Twitter: https://twitter.com/Intellectualins Facebook: https://www.facebook.com/IntellectualIndies Facebook Myself: https://www.facebook.com/princesahilkhanna Instagram: https://www.instagram.com/intellectualindies/ Website: sahilkhanna.in About : Intellectual Indies is a YouTube Channel, Intellectual Indies is all about improving Mentally, Emotionally, Psychologically, Spiritually & Physically. #Marketing #Marketing101 #GrowBusiness
Views: 32835 Intellectual Indies
To learn more about Porter's Generic Strategies take a look at the article at www.mindtools.com/porters-strategies Porter's Generic Strategies are so called because they can be useful to you no matter what industry you work in, what products or services you sell, or whether you are a small or large organization. According to Porter there are three main strategies that you can use to get an edge on your competition. These are: Cost Leadership, Differentiation and Focus. To learn more about each of these strategies and how you can apply them in your organization take a look at our video.
Views: 41997 MindToolsVideos
Porter identified four possible competitive strategies in the book "Competitive Advantage" from 1985 in order to achieve a better result than the competition in the industry. These four strategies should be seen as a continuation of Porter's Five Forces. But now it's specifically about how a firm can achieve a favorable competitive position in the industry. Also see: * Porter’s Five Forces * Porter’s Value Chain * Porter’s Diamond Model
Views: 15554 Forklar mig lige
This A level Business video focuses on Porter's Generic Strategies, an important theory for the new AQA A level Business specification and the new Edexcel A level Business. The theory sets out two different strategic positions that Porter proposed in order to achieve a competitive advantage in the market place. Taking The Biz is a channel dedicated to A level Business revision. See more of our videos: http://www.youtube.com/c/TakingTheBiz Check out our video on Ansoff's Matrix https://www.youtube.com/watch?v=OhqMt_3A2WY
Views: 13068 TakingTheBiz
From the three generic business strategies Porter stress the idea that only one strategy should be adopted by a firm and failure to do so will result in “ stuck in the middle” scenario (Porter 1980 cited by Allen et al. 2006,Torgovicky et al. 2005) visit: http://www.b2bwhiteboard.com/ visit
Views: 866 B2Bwhiteboard
This video considers differentiation focus as one of Porter's Generic Strategies.
Views: 541 Mr Evans Business
In this course, you will understand what distinguishes each of the five generic strategies and why some of these strategies work better in certain kinds of industry and competitive conditions than in others. A competitive strategy concerns the specifics of management’s game plan for competing successfully and securing a competitive advantage over rivals in the marketplace. It is important to understand what distinguishes each of the five generic strategies and why some of these strategies work better in certain kinds of industry and competitive conditions than in others. A low-cost leader’s basis for competitive advantage is lower overall costs than competitors’. Success in achieving a low-cost edge over rivals comes from eliminating and/or curbing “nonessential” activities and-or out managing rivals in performing essential activities. A low-cost provider strategy achieves lower overall costs than rivals and appealing to a broad spectrum of customers, usually by underpricing rivals. The essence of a broad differentiation strategy is to offer unique product or service attributes that a wide range of buyers find appealing and worth paying for. A low-cost provider strategy can always defeat a differentiation strategy when buyers are satisfied with a basic product and don’t think “extra” attributes are worth a higher price. The targeted segment, or niche, can be defined by geographic uniqueness or by special product attributes that appeal only to niche members. Niche strategies are focused closely on serving segment-specific or niche markets. Business strategy may alternatively be based on the process of product or service differentiation across a range of markets and market segments. Best-cost provider strategies are a hybrid of low-cost provider and differentiation strategies that aim at satisfying buyer expectations on key quality/features/performance/ service attributes and beating customer expectations on price. A company’s competitive strategy should be well matched to its internal situation and predicated on leveraging its collection of competitively valuable resources and competencies.
Views: 2197 Gregg Learning
This video gives and overview of strategic positioning and competitive advantage and introduces Porter's Generic Strategies.
Views: 1083 Mr Evans Business
In this course, you will understand what distinguishes each of the five generic strategies and why some of these strategies work better in certain kinds of industry and competitive conditions than in others. A competitive strategy concerns the specifics of management’s game plan for competing successfully and securing a competitive advantage over rivals in the marketplace. A company’s competitive strategy with its specific efforts to please customers, strengthen its market position, counter the maneuvers of rivals, respond to shifting market conditions, and achieve a particular competitive advantage. The two biggest factors that distinguish one competitive strategy from another boil down to whether a company’s market target is broad or narrow, and whether the company is pursuing a competitive advantage linked to lower costs or differentiation. It is important to understand what distinguishes each of the five generic strategies and why some of these strategies work better in certain kinds of industry and competitive conditions than in others.
Views: 1202 Gregg Learning
A tutorial on the two main generic strategies by Michael E. Porter, and a diagnostic tool called Strategic Fit by Ed Bukszar. Find out if a company and its products or services follow a cost leadership or a differentiated strategy, using the Strategic Fit worksheet. [Creative Commons]
Views: 20205 AccessibilityGuy
#YouTubeTaughtMe STRATEGIC MANAGEMENT IN HINDI - 11 This video consists of the following: 1. Concept of Business level strategies in hindi 2. Different types of Business level strategies i. Cost Leadership business strategy ii. Product differentiation business strategy iii. Focus business strategy IF ANYONE INTERESTED IN JOINING MY TEAM IN MAKING PPTs, HE/SHE CAN JOIN MY TEAM MY NUMBER IS 9716663769 (WhatsApp only). BEST REFERRED BOOKS FOR BUSINESS POLICY & STRATEGIC MANAGEMENT : I. https://amzn.to/2Hh33gL - Concepts in Strategic Management and Business Policy II. https://amzn.to/2kMmTrD - Business Policy and Strategic Management: Concepts and Applications TAGS FOR VIDEO: business level strategies generic business strategies porters generic business strategies model cost leadership strategy in business product differentiation strategy in business focus business strategy what are business level strategies strategic management levels of strategy business strategies by porter Michael porter's business strategies ppt on business level strategies in hindi strategy of international business strategy v business plan
Views: 14662 Sonu Singh - PPT wale
Explore the Marketing Strategy Academy https://www.oxfordlearninglab.com/p/bundle-of-all-courses For more info on Porter's Strategies https://www.oxfordlearninglab.com/p/porters-generic-strategies/ Examples of Porters generic and positioning strategies, Cost Leadership, Cost Focus, Differentiation, Differentiation Focus.
Views: 46034 OxfordLearningLab
This video looks at Porter's generic differentiation leadership strategy.
Views: 514 Mr Evans Business
The Third Wave of Positioning School Strategic Management Porter's Generic Strategies
Views: 881 Online Lectures In Hindi - Urdu
Voor Nederlandse versie klik hier: https://youtu.be/IROCHF-Ne_Y This webseminar explains the five forces model of Michael Porter. Also explained in this video how this model can be used in practice. If you have any suggestions for other models which you would like to have explained, please leave them in the comment section below. You might also like: 6 Steps of Marketing Planning: https://youtu.be/v99uQvI4AiM Michael Porter's Generic Strategies explained: https://youtu.be/Nz53CopmFig Treacy & Wiersema's Value strategies explained: https://youtu.be/NtuArGXUP9Y Ansoff's growth matrix explained: https://youtu.be/htp5YTvIymQ The Value Chain of Porter explained: https://youtu.be/aERoUQwvQyk The BCG Model explained: https://youtu.be/tKO5TpR2UwE 7S model of McKinsey: https://youtu.be/yGceFEDmtIM SWOT Analysis explained: https://youtu.be/bunYnEGaEvs Abell's Business Definition explained: https://youtu.be/pzKymyGLaBg MABA Portfolio analysis explained: https://youtu.be/dWWg2dPSfgI Please subscribe to my channel for future webinars and like this video if it is valuable for you!
Views: 345010 Pepijn Schoemaker
#YouTubeTaughtMe STRATEGIC MANAGEMENT (SM) This video consists of the following: 1. Concept of Porter's Five Forces Model in Hindi 2. Five forces in Porter's model i. Threat of new entrants ii. Threat of Substitutes iii. Competitive Rivalry iv. Bargaining power of buyers v. Bargaining power of suppliers 3. Sixth force in Porter's five forces model (Porter's six forces model) - Relative power of other stakeholders 4. Using the tool (Five forces model) to make strategies Check out my BLOG : http://www.pptwalablog.blogspot.com TAGS FOR VIDEO : porter five forces model in hindi porter five forces model ppt michael e porter five forces model ppt michael e porter five forces ppt porter five forces ppt porter's five generic strategies ppt porter's five forces model in strategic management ppt porter's five forces ppt porter five forces porter five force model porter five forces model pdf porter five forces analysis template porter five forces analysis hospital porter's five forces analysis definition a porter's five forces analysis the porter's five forces tool porter the five forces that shape strategy the five porter forces example porter book five forces porter's five forces buyer power porter's five forces banking porter's five forces benefits porter's five forces british airways porter's five forces bmw porter diagram five force porter's five forces definition porter's five environmental forces porter's five forces explained porter's five forces example starbucks porter's five forces essay porter's five forces example clothing industry porter's five forces example essay porter's five forces example pdf porter's five forces easy explanation michael e porter five forces michael e porter five forces model pdf michael e porter five forces book michael e porter's five forces analysis michael e porter five competitive forces five forces d e porter michael e porter five forces model value chain p&g porter's five forces p&g porter's five forces analysis porter's five forces porter harvard five forces porter five forces healthcare industry porter's five industry forces porter five industry forces model porter's five forces investopedia porter's five forces in strategic management porter's five forces images porter's five forces in marketing porter's five forces industry analysis example porter's five forces in healthcare porter's five forces in airline industry pdf porter's five forces introduction porter's five forces journal porter five forces journal article porter's five forces jewelry industry porter five forces jpmorgan chase porter five forces journal pdf porter's five forces john deere porter's five forces jewellery industry porter's five forces jcpenney porter's five forces model journal porter's five forces boost juice porter's five forces kfc porter's five forces key success factors porter's five forces kotler porter's five forces klm porter's five forces kpmg porter's five forces khan academy porter's five forces kimberly clark porter's five forces lenovo porter's five forces linkedin porter's five forces lg electronics l'oreal porter five forces porter marketing five forces porter's five forces model is used to assess m porter five forces m porter's five forces model m.e. porter's five forces model porter's five forces netflix porter five forces non profit organization porter five forces nestle malaysia porter's five forces nestle porter's five forces notes porter's five forces nivea porter's five forces nandos porter's five forces natural gas industry porter's five forces nordstrom porter's five forces nhs porter of five forces porter's five forces of competitive position porter's five forces of competitive position analysis porter's five forces of starbucks porter's five forces oil and gas industry porter's five forces of kfc porter's five forces pizza hut porter's five forces pdf journal porter's five forces questions porter's five forces questionnaire porter's five forces quizlet porter five forces quantitative analysis porter's five forces quote porter's five forces quickmba porter five forces model quickmba porter's five forces model questions qualcomm porter five forces michael porter five forces quotes porter's five forces reference porter's five forces ryanair porter's five forces rolls royce porter's five forces real life examples porter's five forces reebok porter's five forces ralph lauren porter five forces research paper porter five forces referencing porter's five forces template porter's five forces example porter's five forces template word at&t porter's five forces analysis t mobile porter's five forces porter's five forces uber porter's five forces under armour porter's five forces unilever porter's five forces uses porter's five forces uk supermarkets porter's five forces uk grocery industry porter's five forces update porter's five forces usage porter's five forces youtube porter's five forces video porter five forces visio template
Views: 34564 Sonu Singh - PPT wale
This video looks at cost leadership as one of Porters Generic Strategies.
Views: 713 Mr Evans Business
According to Michael Porter, there are three cornerstone strategies that can help organizations gain a competitive edge, which is a cost advantage, differentiation, and focus. Porter named three general strategies (generic strategy). The cost advantage of emphasis on the manufacture of standard products with very low cost per unit for consumers who are sensitive to price changes. Differentiation is a strategy with the goal of making products that provide the services that are considered unique in the entire industry and aimed at consumers who are not too concerned with price changes. Focus means making products and providing services that meet the needs of a small group of consumers. Porter strategy requires organizational management, control procedures, intensive systems are different. Large companies with access to resources which are usually competing with the foundation or the cost advantage and differentiation, while small firms often compete with the runway focus. Porter stressed the importance of strategic planners do a cost benefit analysis to evaluate various opportunities among the units of existing business and potential business units within the company. Various activities and resources can improve competitive advantage because thereby reduced costs and increased differentiation. In addition, Porter also stressed the need for companies to divert the skills and expertise between autonomous business units effectively to gain competitive advantage.
Views: 1735 singo artho
Strategy is the creation of a unique and valuable position, involving a different set of activities.
Views: 126335 Kirenz Analytics
Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. The generic strategy reflects the choices made regarding both the type of competitive advantage and the scope. The concept was described by Michael Porter in 1980.
Views: 22 Azuka Orumgbe
This webseminar explains the Value Chain of Porter (in Dutch: waardeketen) Have a look at my webinars concerning these models: 6 Steps of marketing planning: https://youtu.be/v99uQvI4AiM Michael Porter's Generic Strategies explained: https://youtu.be/Nz53CopmFig Treacy & Wiersema's Value strategies explained: https://youtu.be/NtuArGXUP9Y Ansoff's growth matrix explained: https://youtu.be/htp5YTvIymQ Michael Porter's 5 Forces model explained: https://youtu.be/33XmkfbzwO8 The BCG Model explained: https://youtu.be/tKO5TpR2UwE 7S model of McKinsey: https://youtu.be/yGceFEDmtIM SWOT Analysis explained: https://youtu.be/bunYnEGaEvs Abell's Business Definition explained: https://youtu.be/pzKymyGLaBg MABA Portfolio analysis explained: https://youtu.be/dWWg2dPSfgI Please subscribe to my channel for future webinars and like this video if it is valuable for you! You can also leave your comments or requests in the section below to ask for any other models which you would like to have explained in a webinar. Thank you all for watching and good luck with your exams or business!
Views: 84905 Pepijn Schoemaker
The three generic business strategies Porter stress's the idea that only one strategy should be adopted by a firm and failure to do so will result in stuck in the middle scenario (Porter 1980 cited by Allen et al. 2006,Torgovicky et al. 2005) visit: www.b2bwhiteboard.com
Views: 27282 B2Bwhiteboard
THE FIVE GENERIC COMPETITIVE STRATEGIES-- Created using PowToon -- Free sign up at http://www.powtoon.com/ . Make your own animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 3114 man usim
Updated for 2018, this video looks at Porter's Generic Strategies theory. To access the questions for this video, come on over to http://teachingbubble.com
Views: 5147 VCEBizMan
Professor Michael Porter of Harvard University's School of Business discusses competitive strategy and the role it can play in solving the world's challenges. DOWNLOAD THE PODCAST: https://itunes.apple.com/us/itunes-u/econ-125-introduction-to-entrepreneurship/id587363416
Views: 300392 UNC-Chapel Hill
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Views: 1261 UNICOM
According to Porter's five forces framework the competitive environment in an industry is influenced by five forces: • The Threat of new entrants; • The Threat of substitute products; • The Rivalry among existing firms; • The Bargaining power of buyers; • And the Bargaining power of suppliers. The five forces model teaches us that competition has multiple dimensions. It is important how many direct competitors we have, but it is also important if clients can choose to use alternative products, or if new entrants are likely to enter the market and increase current levels of competition. In addition, we shouldn’t forget that clients and suppliers can have a very strong bargaining power, and dictate the terms if the companies in an industry are unable to do anything about it. On Udemy: https://www.udemy.com/user/365careers/ On Facebook: https://www.facebook.com/365careers/ On the web: http://www.365careers.com/ On Twitter: https://twitter.com/365careers Subscribe to our channel: https://www.youtube.com/365careers
Views: 134270 365 Careers