A successful low-cost strategy requires different resources and capabilities than a differentiation strategy.

Question

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A low-cost strategy requires resources and capabilities that enable cost efficiency, such as efficient supply chain management, standardized processes, and economies of scale. A differentiation strategy, on the other hand, requires resources and capabilities that enable product innovation, customer insights, and unique value propositions. Therefore, the two strategies require different sets of resources and capabilities to be successful.

A Successful Low-Cost Strategy Requires Different Resources and Capabilities Than