discuss the Five Generic Strategies in relation to a shoe company

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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discuss the Five Generic Strategies in relation to a shoe company

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Introduction

A company can provide to every person in the market. But their needs will differ so much that they will need to change products or introduce many versions of the products in the market.

As this is operationally headache, companies will try to target some niche and sell them the best product and solutions for their specific needs. In this they can become a market leader very quickly.

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