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Definitions from the WebTerm: Generic StrategyDefinitionA generic strategy refers to a broad approach or plan that can be applied across different industries or situations. Sense 1: BusinessNounIn a business context, a generic strategy is a high-level plan that outlines how a company intends to gain a competitive advantage and achieve its goals, without focusing on specific details or tactics. Example sentence: The company developed a generic strategy to focus on cost leadership in order to outperform its competitors. Related product:Amazon search: Competitive Strategy BooksSense 2: ComputingNounIn computing, a generic strategy is a reusable approach or algorithm that can be used to solve a variety of problems. Example sentence: The programmer implemented a generic strategy to sort different types of data efficiently. Related product:Amazon search: Algorithms and Data StructuresSense 3: MarketingNounIn the field of marketing, a generic strategy refers to a general approach used by companies to position their products or services in the market and differentiate themselves from competitors. Example sentence: The company employed a generic strategy of product differentiation to create a unique brand image in the market. Related product:Amazon search: Marketing Strategy Books | ||||
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