Business strategy frameworks can be adapted to different industries by understanding the unique characteristics and needs of each industry. This involves analyzing the industry's competitive landscape, customer behavior, market trends, and regulatory environment. The framework should then be tailored to align with these factors. For instance, the Value-Based Management framework can be adapted to a manufacturing industry by focusing on strategies that increase operational efficiency and reduce costs, while for a service industry, the focus could be on improving customer service and enhancing customer value.
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