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After reading the article "Five forces that shape industry structure" written by Michael Porter in 2008, you can answer the following question.

 

Explain the three strategies that firms can utilize in an industry environment. When you explain each strategy, be sure to use an exemplary firm in each strategy and explain how it used the strategy to gain a competitive advantage. You can use either firms that were introduced in the Porter's article or ones that you are personally interested in.

Operation Management, Management Studies

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