Strategic Management Topic: Understanding the Strategic Decision Initiated in Tesla Inc
VerifiedAdded on 2022/02/21
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AI Summary
Tesla’s generic competitive strategy is broad differentiation. This generic strategy builds competitive advantage based on the development of products that differentiate the company from other firms in the industry. For example, Tesla Inc.’s products are competitive because they integrate advanced environmentally friendly technology, considering that the vast majority of automobiles today use internal combustion engines.
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