Final answer:
Cost leadership and differentiated firms can enhance execution by focusing on operational efficiency, innovation, and continuous improvement, often by honing in on their core competencies and product differentiation.
Step-by-step explanation:
Both cost leadership and differentiated firms can improve on execution through enhanced operational efficiency, innovation, and continuous improvement. Focusing on their core competencies, these businesses can fine-tune their processes, invest in technology, and engage in activities that further distinguish their products through product differentiation, which is any action a firm takes to make consumers perceive their products as being different from competitors'. By concentrating on a narrow range of products, companies can specialize, become more efficient, and create a unique value proposition.