Question

Which of the following strategies identified by Michael Porter helps organizations make their products and services distinct from their competitors?

Options:
A) Simulation strategy
B) Overall cost leadership strategy
C) Focus strategy
D) Differentiation strategy

Answer 1

The strategy identified by Michael Porter that helps organizations make their products and services distinct from their competitors is the Differentiation strategy.

Step-by-step explanation:

One of the strategies identified by Michael Porter that helps organizations make their products and services distinct from their competitors is the Differentiation strategy. This strategy involves creating unique and differentiated products or services that stand out in the market. It focuses on emphasizing product attributes, quality, design, technology, and other factors that make the product or service unique and valuable to customers.

For example, a company may differentiate itself by offering a product with superior features, such as a smartphone with cutting-edge technology or a luxury car with unique design elements. By offering something different from competitors, the company can attract customers who are looking for specific qualities or attributes in a product or service.

The differentiation strategy can help organizations gain a competitive advantage and command higher prices for their products or services, as customers are willing to pay more for unique and differentiated offerings.