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Anonymous
Hey I am on Medial • 9m
17. Rivalry Among Existing Competitors • Intense competition within an industry can drive down prices and reduce profitability, highlighting the need for strong differentiation. 18. Positioning the Company • Strategy is about positioning the company uniquely in the market by delivering distinct value to a specific customer segment. 19. Avoiding Common Strategy Pitfalls • Warns against common mistakes such as confusing operational effectiveness with strategy or trying to compete on all fronts. 20. The Essence of Strategy • The essence of strategy lies in making deliberate choices about where to compete and how to offer unique value to customers, ensuring long-term profitability.
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