Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving.
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1. What are the five (5) generic competitive strategies? Briefly describe each one and identify the type of competitive advantage that each strategy is aimed at achieving. (List each strategy in one paragraph format, with at least 1-2 sentences each). 2. Identify cost drivers in a company’s value chain. Explain how these drivers impact a firm’s generic strategy. (Explain in one paragraph format, with at least 5-7 sentences). 3. Identify and briefly explain the five (5) types of offensive strategies. 4. What is a blue ocean strategy, what is its appeal, and what is its drawback? (Explain in one paragraph format, with at least 5-7 sentences). 5. List and discuss three (3) strategy options for competing in emerging markets.