Michael Porter's video discusses how to gain competitive advantage and profitability in the market place using specific strategies. Competitive advantage is the positioning of a company in its competitive environment. The starting point and key to have superior competitive advantage is to "improve faster than the competitors can catch up", and this requires strategies.
One of the strategies is broad differentiation. Broad differentiation is having a unique benefit over the competition. In other words you need to market a product or service that customers think is important and identifying wi
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