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Visit this group Strategic niche: focus and specialization Niche strategy focuses on the concentration of business in a very narrow segment of the broader market; a niche where potential buyers have some distinct preferences or needs. Some examples are Apple in computers, in Woolite detergent ( only for wool). What makes the strategic niche attractive?
The risks of niche strategy are:
Summing Up: Deep specialization , continuous redefinition of their niche market, constant contact with the customer and continuous development and improvement of service makes them practically invulnerable to competitors, allowing them to minimize risks and maximize the effectiveness of the strategy. An example of niche strategy that's hard to be emulated is Enterprise-Rent-A-Car >> . |
O2ibm Group - Discussion & Resources
20100807
What makes the strategic niche attractive?
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