Relations between economic entities, regions, countries are built through a system of finance (international, state, regional, at the level of specific enterprises). In the most general sense, the category of “finance” means a system of economic relations expressing the formation and use of funds in the process of economic turnover of an enterprise, region, country. […]
Tag: income
Three typical competitive strategies (according to the theory of M. Porter)
In 1985, in the work “Competitive Strategy”, M. Porter introduced the concept of universal strategies and identified three main types of strategy: cost leadership, differentiation, focus. Table 2 Resource requirements by component Porter Matrix Competitive advantage Low costs Differentiation Area of competition Broad Purpose Cost leadership Differentiation Narrow purpose Focus on costs Focus on differentiation […]