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Answer :
Final answer:
A new framework for examining generic strategies using different dimensions.
Explanation:
Examining Generic Strategies using a New Framework
Porter's framework of generic strategies classifies businesses into broad categories based on their competitive advantage. However, if you want to examine generic strategies using different dimensions, you can consider a new approach that focuses on:
- The level of customization offered by the business
- The level of innovation associated with the products or services
- The level of customer satisfaction
This new framework offers additional dimensions to analyze generic strategies beyond Porter's framework. It considers the business's ability to cater to individual customer needs, the degree of uniqueness in its offerings, and the level of customer satisfaction.
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