After studying this chapter, you should be able to:
LO 6-1 Define business-level strategy and describe
how it determines a firm’s strategic position.
LO 6-2 Examine the relationship between value
drivers and differentiation strategy.
LO 6-3 Examine the relationship between cost
drivers and the cost-leadership strategy.
LO 6-4 Assess the benefits and risks of
cost-leadership and differentiation business
strategies vis-à-vis the five forces that shape
competition.
LO 6-5 Evaluate value and cost drivers that may
allow a firm to pursue an integration
strategy.
LO 6-6 Explain why it is difficult to succeed at an
integration strategy.
LO 6-7 Describe and evaluate the dynamics of competitive
positioning.