Definition Cost Leadership. Description.
Cost Leadership is one of the three viable basic types
of Competitive Advantage
according to Michael Porter.
Achieving a low cost strategy means that a firm sets out to
become the low cost producer in its industry. If more than one company choose
this strategy in an industry, this is usually disastrous. Cost Leadership
is often achieved by Economies
of Scale.
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Cost Leadership Special Interest Group
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Compare also:
Sustainable Competitive
Advantage
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