Homework: Strategic Planning
Analyze Michael Porter's Generic Principles for Competitive Advantage. A competitive advantage is an essential ingredient for every company and the result of an effectively implemented strategy.
After completing this homework you will be able to:
1. Describe Michael Porter's Generic Principles for Competitive Advantage model.
2. Explain the use of Michael Porter's Generic Principles model in strategy formulation.
3. Explain the reason for avoiding the use of 2 or more Michael Porter's strategies for competitive advantage.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.