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12 April, 12:28

A company that finds itself "stuck in the middle" between a low cost strategy and a differentiation strategy can utilize value innovation to push toward or past the efficiency frontier. consider the example of eddie bauer in the text. how might the company introduce a value innovation to move closer to the efficiency frontier?

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  1. 12 April, 12:33
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    The company could find products that are both cost-effective yet different enough from those of their competitors as a way of standing out in the retail goods field. With Eddie Bauer's reputation for making products, they could find a tweak in some of their existing line that would further set themselves apart and give the customer a perceived value that may not exist in a competitor's similar offering.
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