ASSIGNMENT : Identify a different organization for each of the three specific approaches listed

In a two to three page paper, identify a different organization for each of the three specific approaches listed [Differentiation, Cost Leadership, and Response] (see Figure 2.4 on page 37). Support your position with references to specific actions,policies, or events that demonstrate why your opinion makes sense.

SAMPLE SOLUTION

Differentiation, Cost Leadership, and Response Cost leadership is a strategy that involves identifying favorable costs for products and services. The cost is lower compared t the current market price hence a company becomes a leader in cost. Differentiation strategy involves creating different products that are unique and attractive compared to that of competitors. The company may use unique package, color, or design to differentiate its products (Adcock, 2000). In addition, a company may use response strategy. The response approach involves creating flexible and reliable products that address the changing customer needs. This paper aims at identifying three organizations that use Differentiation, cost leadership, and response strategies as the…