What strategies does Porter suggest to define the business operations?

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Porter suggests the use of 3 generic strategies to define the business operations of any firm. These 3 generic strategies are Differentiation, cost leadership, and focus. The differentiation strategy focuses on the innovation in the products being manufactured by the firm. Apple Corporation’s iPod was considered as an innovative product, which differentiated Apple from its competitors. Apple’s iPhone further enhanced the Apple Corporation’s innovative brand in the mind of customers. No one ever imagined that...
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