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With the vanilla strategy to on-premise erp implementation, a company develops new erp functions designed specifically for that firm.
A simple, uncomplicated technique is one that has little nuance and is generally referred to as being vanilla. Vanilla strategy can be a technique to investing that is common or well-liked among regular investors or specific business decisions. Although the method is quite straightforward, many investors find success by adhering to a tried-and-true approach like passive investing using a variety of exchange-traded funds.
In a similar vein, companies can achieve success with straightforward tactics like concentrating their business lines in niches where they have a distinct competitive edge. A competitive edge can erode with time for many goods and services, hence in business, a traditional approach must allow for some innovation.
Simple, practical, and frequently conservative are characteristics of vanilla methods. A vanilla plan typically makes sense when summarized in a few brief phrases. Buy and hold dividend-paying stocks having a track record of dividend payments of at least ten years, for instance, to create an income portfolio. You can see why it is referred to as a vanilla approach when you contrast this rather straightforward explanation with something like an iron condor options strategy.
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