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Monday, May 9, 2011

What do you mean by Focus strategy?


What do you mean by Focus strategy?
When a firm seeks a narrow competitive scope. selects a segment or group of segments in the industry and tailors its strategy to serving them to the exclusion of others, the strategy is termed focus strategy. It may be cost a focus, if the firm seeks cost advantage in its target segment; or, it may be differentiation focus, if the firm seeks differentiation in its target segment.

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