Low-cost strategies
Business strategies that seek to establish long-term competitive advantages by emphasizing and perfecting value chain activities that can be achieved at costs substantially below what competitors are able to match on a sustained basis. This allows the firm, in turn, to compete primarily by charging a price lower than competitors can match and still stay in business.
Category: Management & Organization Studies
Previous: ← Consortia
Next: Differentiation →
More from this Section
- Centralization
Centralization is the degree to which decision making takes place at upper levels of the ... - Concentric diversification
A grand strategy that involves the operation of a second business that benefits from access ... - Decisions
Managers at all levels and in all areas of organizations make decisions. That is, they ... - Growth strategy
Growth strategy is a corporate strategy that’s used when an organization wants to expand ... - Top manager
Top manager are managers at or near the upper levels of the organization structure who ...