Question

In: Economics

What does “stuck in the middle” mean in business strategy? Group of answer choices All of...

What does “stuck in the middle” mean in business strategy?

Group of answer choices

All of these answers are correct.

A firm cannot change its strategy.

A firm has made insufficient tradeoffs.

A firm has two main competitors.

Expert Solution

Answer: All of these answers are correct.

All of the above given answers(options) are correct.

definition : A firm is said to be "stuck in the middle" in the event that it doesn't offer highlights that are sufficiently novel to persuade clients to purchase its contributions and its costs are excessively high to viably contend dependent on cost.

Explanation:

In the event that the minimal effort pioneers are toward one side of the range, and the interestingly situated organizations are on the other, every other person falls some place in the center.

Famed competitive-strategy author Michael Porter accepts that most organizations are some place in the center, and that they face a consistent battle to take piece of the overall industry from their also estimated and comparatively situated opponents.

The center is the most noticeably awful spot to be. In the center, items and administrations are like such an extent that buyers can scarcely reveal to them separated. You won't simply end up contending on value, you'll invest a ton of energy stressing if (or when) your clients will supplant you with a comparable contender.

The dread of being supplanted by an adversary frequently incapacitates organizations into a guarded and stale state. They're reluctant to have a go at anything new. They're reluctant to cause trouble.

They're stuck in the middle.

Considering the above paragraphs i cam say that, if the firm is stuck in the middle it cannot change its strategy , because they hesitate and fear.

And firm is in the middle of two competitors.

Because of high price or poor quality or no differentiation in the product, customers don't show interest in buying the products.

Rahul Sunny answered 2 years ago

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