Why is keeping its costs the lowest in the industry not the only focus of a firm pursuing cost-leadership strategy? Discuss the threats firms face when they pursue a differentiation strategy. What does the success of business-level strategies depend on? Explain blue ocean strategy with the help of an example.

Requirements for response:

1. Use at least one outside reference as a citation.

2. You should use the text as a citation where materials and examples are cited.

3. You should use proper APA formatting including in-text citations (author, year). Google "Purdue OWL APA" for guidance on proper formatting.

4. Include all references at the end of your response with a hyperlink for each so others can go to the sources in a single click.

5. Respond to two classmates with a substantive comment that carries forward the discussion.