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From course:

Industrial Strategy 2022

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Question:

What is the differentiation strategy?

Author: Hjalmer Pedersen



Answer:

Differentiation strategy involves providing uniqueness that is sufficiently valued by customers to allow a price premium Key drivers of differentiation are: • Product and service attributes: providing better or unique features or options or locations etc. • Customer relationships: providing better or unique customer service and responsiveness; or customisation • Reputation: providing better or unique image and prestige • Complements: building on unique linkages with other products/services (Apple and iTunes). It is a broad target / differentiation strategy (See pic)


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Differentiation strategy involves providing uniqueness that is sufficiently valued by customers to allow a price premium Key drivers of differentiation are: 
•	Product and service attributes: providing better or unique features or options or locations etc. 
•	Customer relationships: providing better or unique customer service and responsiveness; or customisation 
•	Reputation: providing better or unique image and prestige 
•	Complements: building on unique linkages with other products/services (Apple and iTunes).

It is a broad target / differentiation strategy (See pic)
1 answer(s) in total