Michael Porter discussed how companies achieve competitive advantage in his book on “Competitive Advantage: Creating and Sustaining Superior Performance”. This …
How to Achieve Cost Leadership Strategy? – Explained READ MORE
All companies want to grow their operations to expand their businesses. Various methods can help them achieve this goal. Usually, …
Forward Integration: Definition, How it Works, Advantages and Disadvantages READ MORE
Some companies produce a wide variety of products. Usually, these products differ from each other and cater to different market …
Economies of Scope: What Is It and How to Achieve Economies of Scope? READ MORE
In the past, the world did not have many technological advancements. Therefore, it was more challenging to live in than …
Globalization: Definition, How It Works, Top 5 Reasons for Globalization and More READ MORE
Companies are separate legal entities that can perform operations on their own. They are independent of their shareholders and other …
When companies start their operations, they have a smaller base. Usually, companies enter a single market and seek to increase …
Market Entry Strategies: Exporting vs Overseas Production READ MORE
Market entry strategies allow companies to expand their operations to new markets. When companies contemplate entering new markets, they will …
Horizontal Integration: Definition and How it Works READ MORE
Once companies achieve a specific level, they will aim to expand their operations. However, the process is not as straightforward. …
